Sayan,IncSold $200,000 of Bonds for an Issue Price of 97

question 89

Multiple Choice

Sayan,Inc.sold $200,000 of bonds for an issue price of 97.As a result of selling these bonds,its total assets increase by:

• A)$194,000 and its total liabilities increase by $194,000.
• B)$200,000 and its total liabilities increase by $200,000.
• C)$194,000 and its total liabilities increase by $200,000.
• D)$200,000 and its total liabilities increase by $194,000.

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Definitions:

Household Chores

Routine tasks and maintenance performed in the home, such as cleaning, cooking, and gardening.

Companionship

The feeling of fellowship or friendship, often providing comfort and support to someone.

Nursing Homes

Residential facilities providing long-term care for the elderly or disabled, especially those requiring medical care.

Independence

The state or quality of being self-reliant and free from external control or support.