Use the Following Information for Questions

question 71

Multiple Choice

Use the following information for questions
On January 1, 2010, Bregeut Company, a calendar year corporation, purchased 600 of the $1,000 face value, 9% bonds of Clariant Incorporated, for CHF622,000, including brokerage fees.The bonds, which mature on January 1, 2015, pay interest semiannually on July 1 and January 1.
-The entry on Bregeut's books to record the acquisition will include

• A)a credit to Bonds Payable for CHF600,000.
• B)a debit to Interest Receivable for CHF54,000.
• C)a credit to Premium on Bonds Payable for CHF22,000.
• D)a debit to Debt Investments for CHF622,000.

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Definitions:

Wrapping Instruments

The process of covering medical instruments with protective materials to maintain sterility before use.

Sterilization

The process of eliminating all forms of microbial life, including bacteria, viruses, fungi, and spores, usually through heat or chemicals.

First Step

The initial action or move made towards the achievement of a goal.