Yanik Corporation Issues 5000 10-Year 8% $1000 Bonds Dated January

question 155

Multiple Choice

Yanik Corporation issues 5000 10-year 8% $1000 bonds dated January 1 2021 at 97.Recording the issuance will show a(n)

• A)increase to Cash of $5000000.
• B)increase to Discount on Bonds Payable for $150000.
• C)increase to Bonds Payable for $4850000.
• D)decrease to Cash for $4850000.

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Definitions:

Probation

A period of supervision over an offender, ordered by the court instead of serving time in prison.

Fourth Amendment

The Fourth Amendment to the United States Constitution protects citizens from unreasonable searches and seizures, requiring any warrant to be judicially sanctioned and supported by probable cause.

Probable Cause

A reasonable basis for believing that a crime may have been committed, which is a required standard for arrests, search warrants, and other legal actions.

Plea Bargaining

A legal process in which the defendant and prosecutor negotiate a compromise, often involving the defendant pleading guilty to a lesser charge in exchange for a reduced sentence.