The Current Carrying Value of Pierce's $900,000 Face Value Bonds

question 44

Multiple Choice

The current carrying value of Pierce's $900,000 face value bonds is $896,600. If the bonds are retired at 102, what would be the amount Pierce would pay its bondholders?

• A) $896,600
• B) $900,000
• C) $902,000
• D) $918,000

---

Definitions:

Racism

Prejudice, discrimination, or antagonism directed against someone of a different race based on the belief that one's own race is superior.

Health Status

An individual's overall condition of the body and mind in terms of the presence or absence of illness, injury, or impairment.

African Americans

An ethnic group in the United States with total or partial ancestry from any of the black racial groups of Africa, including descendants of enslaved Africans brought to the US.

Median Income

A statistical measure that divides the income distribution into two equal groups, half having income above that amount, and half having income below that amount.