If HK$1,800,000, 5%, Bonds Are Issued on January 1, 2014

question 302

True/False

If HK$1,800,000, 5%, bonds are issued on January 1, 2014 and pay interest semi-annually on June 30 and December 31, the total amount of interest paid to bondholders in 2014 will be HK$90,000.

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Definitions:

Ribosomes

Cell organelles that function as the site of protein synthesis in the process of translation.

Endoplasmic Reticulum

A network of membranes within a cell, involved in protein and lipid synthesis.

Golgi Bodies

Membrane-bound organelles in eukaryotic cells that process, sort, and package proteins and lipids for transport.

Modification

A change or alteration, usually to improve something or to adjust it to different conditions.