Use the Following Information for Questions 46 Through 48

question 158

Multiple Choice

Use the following information for questions 46 through 48.
Chang Corporation issued $4,000,000 of 9%, ten-year convertible bonds on July 1, 2014 at 96.1 plus accrued interest. The bonds were dated April 1, 2014 with interest payable April 1 and October 1. Bond discount is amortized semiannually on a straight-line basis. On April 1, 2015, $800,000 of these bonds were converted into 500 shares of $20 par value common stock. Accrued interest was paid in cash at the time of conversion.
-What should be the amount of the unamortized bond discount on April 1, 2015 relating to the bonds converted?

• A) $31,200.
• B) $28,800.
• C) $15,600.
• D) $29,600.

---

Definitions:

Economy's Productivity

A measure of how efficiently goods and services are produced within an economy, typically quantified as output per unit of labor input.

Determinants

Factors or variables that cause changes in an economic model's behavior or outcomes.

Standards Of Living

The degree of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or a certain geographic area.

Vast Oil Reserves

Large accumulations of underground oil that can be commercially extracted.