Presented Here Is a Partial Amortization Schedule for Courtney Company

question 97

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 (v) ?

• A) $209,600
• B) $208,800
• C) $206,400
• D) $207,200

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Definitions:

Inhibit

To prevent or restrict the operation or action of a device, system, or process, often through a control signal or mechanism.

Enable

To activate or allow a system or device to operate, often controlled by an electronic or mechanical switch.

Three-Wire

A wiring system that consists of a phase wire, a neutral wire, and a protective ground wire, commonly used in residential and commercial settings.

Energized

To be energized means to supply or be supplied with electric power, causing a device, circuit, or component to become active or operative.