On 1 January 2014, Davie Services Issued $20 000 of 8

question 45

Multiple Choice

On 1 January 2014, Davie Services issued $20 000 of 8% debentures that mature in five years. They were sold at discount, for a total of $19 000. The debentures pay half- yearly interest payments on 30 June and 31 December of each year. On 30 June 2014, how much is the total amount paid to debenture holders?

• A)$253.33
• B)$760.00
• C)$1 520.00
• D)$800.00

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Definitions:

Automatic Process

Mental activities that require minimal attention and cognitive resources, often occurring without conscious awareness.

Acculturation

The process by which individuals adopt the cultural traits or social patterns of another group, often as a result of prolonged contact.

Integration

The process of combining or coordinating separate parts or elements into a unified whole.

Socialization

The process by which individuals learn and adopt the norms, values, behavior, and social skills appropriate to their society.