On 2 January 2014, Mahoney Sales Issued $10 000 in Debentures

question 70

Multiple Choice

On 2 January 2014, Mahoney Sales issued $10 000 in debentures for $9 400. They were 5- year debentures with a stated rate of 4%, and pay half- yearly interest payments. Mahoney Sales uses the straight- line method to amortise the debenture discount. After the first interest payment on 30 June 2014, what was the debenture carrying amount?

• A)$9 880
• B)$9 400
• C)$9 460
• D)$10 000

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Definitions:

Brain Development

The process of growth and change in the brain’s structure, function, and pathways that occurs throughout a person’s life, but is most intense during childhood.

Selective Attrition

The phenomenon where participants drop out of a study over time, potentially leading to biased results if the dropout rate varies among the groups being studied.

Longitudinal Research

involves studies conducted over a lengthy period, allowing researchers to observe developments or changes in the subjects over time.

Cross-Sectional Research

A study design that analyzes data collected from a population, or a representative subset, at one specific point in time.