The Following Information Applies to Both Questions 77 and 78

question 120

Multiple Choice

The following information applies to both questions 77 and 78.
On October 1, 2014 Macklin Corporation issued 5%, 10-year bonds with a face value of $4,000,000 at 104. Interest is paid on October 1 and April 1, with any premiums or discounts amortized on a straight-line basis.
-Bond interest expense reported on the December 31, 2014 income statement of Macklin Corporation would be

• A) $46,000
• B) $50,000
• C) $54,000
• D) $92,000
• The following information applies to both questions 79 and 80.
• On October 1, 2014 Bartley Corporation issued 5%, 10-year bonds with a face value of $5,000,000 at 104. Interest is paid on October 1 and April 1, with any premiums or discounts amortized on a straight-line basis.

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Definitions:

IR Spectrum

A graphical representation of infrared light absorption by molecules, used to identify and study chemical substances based on their vibrational transitions.

Organic Compound

Chemical compounds made primarily of carbon atoms in structures like chains or rings, often containing hydrogen and possibly oxygen, nitrogen, or other elements.

Absorptions

The process by which substances take in or soak up energy or material from their surroundings, often observed in spectroscopy.

IR Absorption

The process by which molecules absorb infrared light at frequencies characteristic of their structure, used in infrared spectroscopy.