Luanna Inc

question 114

Multiple Choice

Luanna Inc. manufactures game consoles. Some of the company's data was misplaced. Use the following information to replace the lost data.The amount B is:

• A)$100,300.
• B)$102,000.
• C)$103,440.
• D)$105,600.

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Definitions:

Journal Entries

Records that document all the financial transactions of a business and show the accounts affected by each transaction.

Carrying Value

The book value of an asset or liability on a company's balance sheet, calculated as its original cost minus accumulated depreciation or amortization.

Bonds

A fixed income instrument that represents a loan made by an investor to a borrower, typically corporate or governmental.

Interest

The charge for the privilege of borrowing money, typically expressed as an annual percentage of the principal.