The Following Partial Amortization Schedule Is Available for Courtney Company

question 80

Multiple Choice

The following partial amortization schedule is available for Courtney Company who sold $500,000, five-year, 10% bonds on January 1, 2014 for $520,000 and uses annual straight-line amortization. Which of the following amounts should be shown in cell (iv) ?

• A) $22,000
• B) $18,000
• C) $24,000
• D) $16,000

---

Definitions:

Dynamometer

A device used to measure the force, torque, or power output of an engine, motor, or other rotating machines.

Toxic

Poisonous.

PM Inspections

Preventative Maintenance Inspections; routine checks to ensure that equipment is operating efficiently and to prevent potential failures.