The Following Partial Amortization Schedule Is Available for Courtney Company

question 155

Multiple Choice

The following partial amortization schedule is available for Courtney Company who sold $750,000, five-year, 10% bonds on January 1, 2020, for $780,000 and uses annual straight-line amortization. Which of the following amounts should be shown in cell (v) ?

• A)$786,000
• B)$783,000
• C)$774,000
• D)$777,000

---

Definitions:

Porosity

The measure of void spaces in a material, expressed as a percentage of the volume of voids over the total volume, indicating how much fluid a rock can hold.

Groundwater Flowing

The movement of water beneath the Earth's surface through soil and rock formations.

Subsurface Material

Material (such as rocks, soil, and sediment) found beneath the surface layer of the Earth, important in geotechnical engineering and environmental studies.

Permeability

A measure of how easily fluids can flow through a porous rock or material.