Use the Following Information for Questions

question 16

Multiple Choice

Use the following information for questions.
On May 1, 2012, Payne Co.issued $300,000 of 7% bonds at 103, which are due on April 30, 2022.Twenty detachable share warrants entitling the holder to purchase for $40 one share of Payne's ordinary shares, $15 par value, were attached to each $1,000 bond.The bonds without the warrants would sell at 96.On May 1, 2012, the fair value of Payne's shares was $35 per share and of the warrants was $2.
-On May 1, 2012, Payne should record bonds at payable

• A)discount of $296,640.
• B)discount of $288,000.
• C)discount of $300,000.
• D)premium of $309,000.

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Definitions:

Nursing Theory

A conceptual framework designed to guide nursing practice and research by explaining relationships between concepts related to nursing care and patient outcomes.

Usefulness

The quality of being practical and effective in achieving a specific purpose or solving a problem.

Professional Practice

The standards and ethical conduct that guide a profession, ensuring that individuals in the field adhere to established norms and expertise.

Nursing Theorist

An individual who contributes to the theoretical foundation of nursing practice through model and theory development, aiming to improve patient care.