Use the Following Information for Questions

question 47

Multiple Choice

Use the following information for questions.
On July 1, 2017, Casablanca Ltd.issued $6,000,000 (par value) , 9%, ten-year convertible bonds at 98 plus accrued interest.The bonds were dated April 1, 2017 with interest payable quarterly on July 1, October 1, January 1 and April 1.If the bonds had NOT been convertible, they would have sold for 96.1 plus accrued interest.The bond discount is amortized on a straight-line basis.On April 1, 2018, $1,200,000 of these bonds were converted into 500 no par common shares.Accrued interest was paid in cash at the time of conversion.
-What is the amount of the unamortized bond discount on April 1, 2018 relating to the bonds that were converted?

• A)$64,246
• B)$46,800
• C)$43,200
• D)$44,400

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Definitions:

Neuron-produced Chemicals

Chemicals, such as neurotransmitters, that are produced by neurons to transmit signals across the synapse to another neuron.

All-or-none Response

A principle that states a neuron fires with the same potency each time, although frequency can vary; it either fires or doesn't.

Electrical Charge

A fundamental property of matter that is responsible for electrical phenomena, existing in a positive or negative form.

Threshold

The level of intensity that must be exceeded for a certain reaction, phenomenon, result, or condition to occur or be manifested.