McDonald Sales Prepared a Debenture Issue of $20 000 Dated

question 37

Multiple Choice

McDonald Sales prepared a debenture issue of $20 000 dated 1 January 2013. The debentures have a stated rate of 3% and a term of 6 years. The debenture issue was delayed, and the debentures were finally sold on 1 March 2013 at par. On 30 June 2013, the first half- yearly interest payment is made. How much is the total amount of interest expense McDonalds will record for the first half of 2013?

• A)$350
• B)$600
• C)$200
• D)$300

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Definitions:

Reproductive Payoffs

Benefits or advantages obtained through reproducing, often in the context of evolutionary biology, referring to the success of passing genes to the next generation.

Evolutionary

Pertains to the gradual process of biological change and development over successive generations.

Extraversion

A personality trait characterized by high levels of enthusiasm, energy, sociability, talkativeness, and assertiveness.

Personality Variance

Differences in characteristics and behavioral patterns among individuals, often used to understand individuality.