The Balance in the Debentures Payable Account Is a Credit

question 42

Multiple Choice

The balance in the Debentures payable account is a credit of $50 000. The balance in the Discount on debentures payable account is a debit of $1 500. How much is the debenture carrying amount?

• A)$50 000
• B)$48 500
• C)$51 500
• D)$1 500

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Definitions:

Adler

Alfred Adler, an Austrian medical doctor and psychotherapist, and founder of the school of individual psychology, known for his concepts of inferiority complex and striving for superiority.

Positive

Refers to emotions, attitudes, or occurrences that are optimistic or beneficial in nature.

Anti-positivistic

A stance or approach in social science that criticizes or rejects the positivist belief in empirically observable, quantifiable facts and the notion that knowledge should only be derived from sensory experience.

Positivistic

Pertaining to positivism, a philosophy that advocates for the empirical and scientific approach to knowledge, emphasizing observable, objective facts.