On January 1, 2014, the LaRoche Company Purchased at Face

question 117

Multiple Choice

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

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Definitions:

Debit And Credit Cards

Payment cards where debit cards draw directly from the user's bank account, while credit cards offer a line of credit from the issuing institution.

Purchases

Transactions where goods or services are acquired in exchange for money or other forms of payment.

Aeon

An immeasurably long period of time, often used in the context of cosmic or geological epochs.

Carrefour

Carrefour is a multinational retailer headquartered in France, known for being one of the largest hypermarket chains in the world, offering a wide range of food and non-food products.