Use the Following Information for Questions

question 1

Multiple Choice

Use the following information for questions
On January 1, 2022, Warner Inc.purchased 3.5%, $50,000 face value Jackson Corp.bonds at face value.Interest is payable semi-annually on July 1 and January 1.The bonds are classified as trading investments.The bonds were sold on July 2, 2022 for $53,000.
-Warner's entry to record the sale on July 2, after the July 1 interest was received and recorded, would include a

• A)debit to Cash for $53,875.
• B)credit to Interest Income for $875.
• C)credit to Realized Gain on Trading Investments for $3,000.
• D)credit to Trading Investments for $53,000.

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Definitions:

Mintzberg

Henry Mintzberg, a renowned academic and author on business and management, known for his work on organizational structures and management strategy.

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The act of arranging or structuring elements in a systematic way to achieve a specific goal or manage activities efficiently.

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The power to influence or direct people's behavior or the course of events.

Time Effectively

Refers to managing one's time in such a way as to maximize productivity and efficiency.