On January 2,2014,Mahoney Sales Issued $10,000 in Bonds for $9,400

question 63

Multiple Choice

On January 2,2014,Mahoney Sales issued $10,000 in bonds for $9,400.They were 5-year bonds with a stated rate of 4%,and pay semiannual interest payments.Mahoney Sales uses the straight-line method to amortize the bond discount.After the second interest payment on December 31,2014,what was the bond carrying amount?

• A) $9,520
• B) $9,400
• C) $9,460
• D) $9,880

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Definitions:

Histones

Proteins that wrap around DNA to help form chromosomes.

Chromosomes

Forty-six tiny strands of DNA, found in the nucleus of each cell of the body, which are the source of biological inheritance.

Genes

Functional units or sections of DNA that provide a blueprint or code to the cell for how to produce proteins and enzymes. Found on chromosomes, they come in matching pairs, one from each parent.

Zygotes

The initial cell formed when a sperm cell fertilizes an egg cell, representing the earliest stage of development in many organisms.