Presented Here Is a Partial Amortization Schedule for Courtney Company

question 73

Multiple Choice

Presented here is a partial amortization schedule for Courtney Company who sold $200,000, five year 10% bonds on January 1, 2010 for $208,000 and uses annual straight-line amortization. Which of the following amounts should be shown in cell (iv) ?

• A) $8,800
• B) $7,200
• C) $9,600
• D) $6,400

---

Definitions:

Immanent Justice

The view that retribution for wrongdoing is a direct consequence of the wrongdoing.

Preoperational Period

A stage in Piaget's theory of cognitive development, where children (ages 2-7) begin to engage in symbolic play and struggle with logic.

Focus

Concentration on a particular task or subject.

Growth Spurt

A rapid increase in height and weight, typically occurring during puberty.