A Company Issued 5-Year,7% Bonds with a Par Value of $100,000.The

question 44

Multiple Choice

A company issued 5-year,7% bonds with a par value of $100,000.The company received $97,947 for the bonds.Using the straight-line method,the amount of interest expense for the first semiannual interest period is:

• A)$3,294.70.
• B)$3,500.00.
• C)$3,705.30.
• D)$7,000.00.
• E)$7,410.60.

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Definitions:

Natural Selection

The evolutionary process in which individuals with genetically influenced traits that are adaptive in a particular environment tend to survive and to reproduce in greater numbers than do other individuals; as a result, their traits become more common in the population.

Learning

The process of acquiring new understanding, knowledge, behaviors, skills, values, attitudes, and preferences.

Adaptation

The process by which a species becomes fitted to its environment; it is the result of natural selection acting upon heritable variation.

Genes

Units of heredity made up of DNA that are responsible for determining the characteristics of an organism.