The Following Partial Amortization Schedule Is Available for Courtney Company

question 106

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 (iii) ?

• A)$15,000
• B)$30,000
• C)$6,000
• D)$3,000

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Definitions:

Ainsworth

Refers to Mary Ainsworth, a developmental psychologist known for her work on attachment theory, particularly the Strange Situation assessment.

Avoidant Attachment

A type of insecure attachment where individuals tend to keep distance from others and avoid emotional connection.

Ambiguous/resistant Attachment

A pattern of attachment characterized by anxiety and uncertainty in relationships, leading to clinginess and difficulty in trusting others.

Concrete Operational Stage

A phase in Piaget's theory of cognitive development where children from roughly 7 to 12 years old become capable of logical thought processes but are not yet able to think abstractly.