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

question 76

Multiple Choice

On 1 January 2014, Davie Services issued $20 000 of 8% debentures that mature in five years. They were sold at a premium, for a total of $20 750. 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)$800.00
• B)$830.00
• C)$1 660.00
• D)$276.67

Identify factors that influence the effectiveness of daycare and preschool experiences on child development.

Examine the impact of educational television on reading and writing skills development.

Grasp the stages of Piaget's cognitive development theory.

Appreciate the importance of self-regulation and its role in predicting school success.

---

Definitions:

Liquidation Rights

The rights of a corporation's shareholders to a proportional share of the assets if the company is dissolved, after debts and obligations have been paid.

Solvency Test

An assessment to determine if a company can meet its long-term financial obligations.

Common Shareholders

Investors who own shares of common stock in a corporation, granting them voting rights and a residual claim on the company's assets in the event of liquidation.

Voting Power

The ability or right of an individual or group to influence decisions through the act of voting, often in the context of corporate governance or political elections.