Jarmin Company Received Proceeds of $377,000 on 10-Year, 8% Bonds

question 200

Multiple Choice

Jarmin Company received proceeds of $377,000 on 10-year, 8% bonds issued on January 1, 2014. The bonds had a face value of $400,000, pay interest annually on June 30 and December 31, and have a call price of 101. Jarmin uses the straight-line method of amortization. What is the carrying value of the bonds on January 1, 2016?

• A) $400,000
• B) $381,600
• C) $395,400
• D) $379,300

---

Definitions:

Team Satisfaction

The level of contentment members feel towards their team, often influenced by the team's success, relationships, and perceived value.

Cross-Training

A training method involving multiple types of exercises or the development of diverse skills to enhance overall performance and flexibility.

Teammate Roles

The specific functions or parts played by members within a team to achieve the group's objectives.

Different Activities

A variety of tasks or actions that are performed, often referring to diverse types of work, leisure, or other engagements.