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:

Unsolicited E-Mail

Email that is sent without the recipient's prior consent or request, often considered spam.

Viral Marketing

A marketing technique that uses social networks to promote a product, typically encouraging individuals to share information and content about the product with others.

Sweepstakes

A promotional strategy that involves giving away prizes to randomly selected participants, often used to attract attention or gather consumer data.

Viral Marketing

A marketing technique that uses social networks to increase brand awareness or achieve other marketing objectives through a self-replicating viral process, akin to the spread of viruses.