Dubbin Ltd Issues $3 Million in 5-Year,8 Per Cent,semi-Annual Coupon

question 31

Multiple Choice

Dubbin Ltd issues $3 million in 5-year,8 per cent,semi-annual coupon debentures.The rate of return required by the market is 6 per cent per annum.What is the journal entry to record the issue of the debentures (rounded to the nearest dollar) ?

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Definitions:

Policy Advocate

An individual or group actively working to influence political, economic, or social policy decisions in favor of a particular cause or outcome.

Central Goals

The primary objectives that guide the actions and initiatives of an individual, group, or organization.

Agency

The capacity of individuals or groups to act independently and make their own free choices, impacting their lives and the world around them.

Force Field Analysis

A management technique developed by Kurt Lewin, used to identify the forces that support or oppose a particular decision or change.