Bison Corp

question 57

Multiple Choice

Bison Corp. issues a 5 year 8%, $60,000 note payable on March 1. The terms of the note include monthly blended principal and interest payments of $1,217. The entry to record the second instalment payment will show a:

• A) debit to Notes Payable of $822.
• B) debit to Cash for $1,217.
• C) debit to Interest Expense for $400.
• D) credit to Interest Expense for $395.

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Definitions:

Mary Ainsworth

A developmental psychologist known for her work in the development of attachment theory.

Avoidant Children

Children who exhibit a tendency to avoid contact or interaction with caregivers or others, often as a result of attachment issues.

Securely Attached

Describes individuals, typically in the context of infant-caregiver relationships, who show confidence in exploring their environment due to the reliable and consistent response of their caregiver.

Zygote

The initial cell formed when a sperm cell unites with an egg cell, which then undergoes cell division to develop into an embryo.