The Entry to Record the Issuance of the Bonds on January

question 10

Multiple Choice

The entry to record the issuance of the bonds on January 1, 2011, would include:

• A) a credit to Discount on Bonds Payable of $57,500.
• B) a debit to Cash of $442,500.
• C) a debit to Bonds Payable of $500,000.
• D) a credit to Premium on Bonds Payable of $90,000.

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Definitions:

Crepitation

The crackling or popping sounds and sensations experienced under the skin and joints or during the movement of certain body parts, often indicative of gas collection or friction.

Bell Palsy

A temporary condition that causes sudden, temporary weakness or paralysis of the facial muscles, typically on one side of the face.

Cephalhematoma

A localized swelling filled with blood, found on the head of a newborn as a result of birth trauma, typically resolving on its own.

Craniosynostosis

A birth defect in which one or more of the fibrous sutures in an infant's skull prematurely fuses, potentially affecting brain growth.