The Amazing Widget Company Issues $500 000 of 6%, 10-

question 63

Multiple Choice

The Amazing Widget Company issues $500 000 of 6%, 10- year debentures at 103 on 31 March 2014. The debenture pays interest on 31 March and 30 September. The market rate of interest on the issue date was 4%. Assume the company uses the straight- line method for amortisation. What net balance will be reported for the debentures on the balance sheet on 30 September 2014?

• A)$500 000
• B)$515 250
• C)$514 250
• D)$515 000

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Definitions:

Associative Play

A stage of play in young children where they interact and share materials but do not coordinate their activities with a common goal.

Cooperative Play

A stage of play development in which children play together, creating and organizing games and activities with common goals.

Parallel Play

A developmental stage in early childhood where children play next to each other without interacting.

Intellectual Development

The process of developing cognitive abilities, including thinking, problem-solving, and decision-making skills.