On January 1, 2021, $ 1,000,000, 5-Year, 5% Bonds, Were

question 226

Multiple Choice

On January 1, 2021, $ 1,000,000, 5-year, 5% bonds, were issued for $ 957,349. The interest rate in effect when the bonds were issued was 6%. Interest is paid semi-annually on January 1 and July 1. What would be the amount of discount amortized on January 1, 2022?

• A) $ 2,000
• B) $ 4,700
• C) $ 3,832
• D) $ 7,710

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Withdrawal

The action of withdrawing something or the process of being removed from a situation, substance dependency, or social interaction.

Patient Confidentiality

The ethical and legal principle that mandates healthcare professionals to keep a patient's personal and medical information private.

Clinical Instruction

A method of teaching that aims to prepare healthcare professionals through direct patient care and real-world medical settings.

Educational Institution

An organization that provides instructional services to individuals or education-related services to individuals and other organizations.