On 1 January 2017,Carter Sales Issued $17,000 in Debentures for $20,800.They

question 18

Multiple Choice

On 1 January 2017,Carter Sales issued $17,000 in debentures for $20,800.They were eight year debentures with a stated rate of 12% and pay semiannual interest.Carter Sales uses the straight-line method to amortise the debenture premium.After the first interest payment on 30 June 2017,what was the debenture carrying amount? (Round to the nearest dollar. )

• A)$17,000
• B)$17,238
• C)$20,562
• D)$20,800

---

Definitions:

Noncommercial Speech

This involves expressions or messages that do not involve commercial transactions or advertisements, often receiving high protection under freedom of speech laws.

First Amendment

An amendment to the United States Constitution that protects freedoms concerning religion, expression, assembly, and the right to petition.

Contract Clause

A specific provision or section within a contract that outlines a particular aspect of the agreement, governing rights, obligations, or conditions between the contracting parties.

Government Contracts

Agreements entered into between a private party and a government agency wherein the private party agrees to provide goods or services in exchange for compensation, subject to specific regulatory requirements and oversight.