Presented Here Is a Partial Amortization Schedule for Graceland Company $\quad$

question 175

Multiple Choice

Presented here is a partial amortization schedule for Graceland Company who sold $100000 five year 10% bonds on January 1 2016 for $108000 and uses annual straight-line amortization. $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\text { BOND AMORTIZATION SCHEDULE }$
$\begin{array}{|c|c|c|c|c|c|}\hline\text { Interest Period } & \begin{array}{c}\text { Interest } \\\text { Paid }\end{array} & \begin{array}{c}\text { Interest } \\\text { Expense }\end{array} & \begin{array}{c}\text { Premium } \\\text { Amortization }\end{array} & \begin{array}{c}\text { Unamortized } \\\text { Premium }\end{array} & \begin{array}{c}\text { Bond Carrying } \\\text { Value }\end{array} \\\hline \text { January 1,2016 } & & & & \$ 8,000 & \$ 108,000 \\\hline \text { January 1,2017 } & \text { (i) } & \text { (ii) } & \text { (iii) } & \text { (iv) } & \text { (v) }\\\hline\end{array}$
-Which of the following amounts should be shown in cell (iii) ?

• A) $10000
• B) $12000
• C) $2000
• D) $1200

Understand how government revenues are generated and how they relate to expenditures in education and defense.

Evaluate the role of taxes in financing public goods and services.

Understand the role and impact of landmark legal decisions, such as Brown v. Board of Education, on civil rights and race relations in the United States.

Comprehend the cultural and economic characteristics of the 1950s in America, including consumerism, suburban growth, and the standard of living.

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Definitions:

Nash Equilibrium

A concept within game theory where no player can benefit by changing strategies while the other players keep theirs unchanged.

First-Mover Advantages

Competitive benefits that accrue to the initial entrant into a market, including brand recognition and product loyalty before competitors enter.

Zero-sum Game

A situation in which one party's gain is exactly balanced by another party's loss, so the net change in wealth or benefit is zero.

Gains

Refers to increases in wealth, income, or resources, often resulting from investment or business operations.