Use the Following Information for Questions

question 40

Multiple Choice

Use the following information for questions.
On January 1, 2017, Marianne Corp. purchased $50,000, of Robin Ltd.'s 4%, 10-year bonds for $48,000, since the market interest rate was approximately 4.5%. The bonds pay interest on January 1 and July 1. Marianne has a calendar year end, and classified the bonds as long-term investments. The fair value on December 31, 2017 was $48,500. Marianne sold the bonds on January 2, 2018 for $48,500.
-The entry for the sale of the bonds on January 2, 2018 is

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Definitions:

Blood Volume

The total amount of blood circulating within an individual's vascular system.

Ventricular Systole

The phase of the heartbeat when the ventricles contract, pumping blood out of the heart and into the arteries.

Pulmonary Trunk

The main vessel transporting deoxygenated blood from the right ventricle of the heart to the lungs.

Pulmonary Arteries

Blood vessels carrying deoxygenated blood from the right ventricle of the heart to the lungs for oxygenation.