Ohlson Co Is Preparing an Excel Spreadsheet for Its 20-Year, 4

question 140

Multiple Choice

Ohlson Co. is preparing an Excel spreadsheet for its 20-year, 4.5%, $500,000 bonds payable. The bonds were issued on January 1 to yield 5% annually. Interest is paid semi-annually. A portion of the spreadsheet appears as follows: What formula should Ohlson use in cell C8 to calculate interest expense for the first interest payment?

• A) =B8 - D8
• B) =E7*B3
• C) =E7*B3/2
• D) =E7*C2/2

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Definitions:

Squamous

Scalelike, flat.

Epithelial Cells

Cells that line the surfaces of the body, including skin, blood vessels, organs, and cavities.

Basement Membrane

The basement membrane is a thin, dense layer of extracellular matrix that separates epithelial and endothelial cells from underlying connective tissue, providing support and anchorage.

Stomach

A muscular, hollow organ in the gastrointestinal tract that breaks down food using stomach acid and digestive enzymes, initiating the digestive process.