On January 1, 2014, the LaRoche Company purchased at face value, a $1,000, 4%, bond that pays interest on January 1 and July 1. LaRoche Company has a calendar year end. The entry for the receipt of interest on January 1, 2015 is 
Definitions:
Truth
The quality or state of being true, often refers to facts or reality as opposed to falsehood.
Foucault
Foucault refers to Michel Foucault, a French philosopher and social theorist known for his influential ideas on power, knowledge, and the relationship between society and individuals.
Hurricane Katrina
A devastating Category 5 hurricane that struck the Gulf Coast of the United States in August 2005, causing widespread destruction and significant loss of life.
African-American
An ethnic group in the United States with ancestral roots in Africa, primarily those whose ancestors were forcibly brought to America through the transatlantic slave trade.
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Q292: The present value of a long-term note