On January 1, 2014, Tri-State Company Purchased at Face Value

question 61

Multiple Choice

On January 1, 2014, Tri-State Company purchased at face value, a $1,000 7%, bond that pays interest annually on January 1. Tri-State Company has a calendar year end. The entry for the receipt of interest on January 1, 2015 is

---

Definitions:

Negative Thinking

A pattern of focusing on distressing and unfavorable outcomes or interpreting situations pessimistically.

Classically Conditioned

The process by which an individual learns to associate an initially neutral stimulus with a biologically potent stimulus, producing a reflexive response.

Client-Centered Therapy

An insight therapy that emphasizes providing a supportive emotional climate for clients, who play a major role in determining the pace and direction of their therapy.

Carl Jung

A Swiss psychiatrist and psychoanalyst who founded analytical psychology, known for concepts such as the collective unconscious and archetypes.