The Following Information Applies to Both Questions

question 7

Multiple Choice

The following information applies to both questions
On October 1, 2010 Macklin Corporation issued 5%, 10-year bonds with a face value of $1,000,000 at 108 (a 4% yield) .Interest is paid on October 1 and April 1, with any premiums or discounts amortized on an effective-interest basis.
-The entry to record the issuance of the bonds would include a credit of

• A)$25,000 to interest Payable.
• B)$80,000 to Bonds Payable.
• C)$1,000,000 to Bonds Payable.
• D)$1,080,000 to Bonds Payable.

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Definitions:

Reverse Communication

A communication flow where information moves from the lower levels of a hierarchy to the upper levels, often used to gather feedback or inputs from employees.

Communication Strategy

A plan that outlines how to communicate effectively within an organization or between organizations.

Secrecy And Control

Practices of limiting information access and exerting authority to manage operations or information flow within an organization.

Withhold And Uphold

Refers to the dual act of keeping certain information or actions back while maintaining or defending certain principles or standards.