On November 1,2015,Archangel Services Issued $200,000 of 10-Year Bonds with a Stated

question 24

Multiple Choice

On November 1,2015,Archangel Services issued $200,000 of 10-year bonds with a stated rate of 3%.The bonds were sold at par,and make semiannual payments on April 30 and October 31.At December 31,2015,Archangel made an adjusting entry to accrue interest at year-end.No further entries were made until April 30,2016,when the first payment was sent out.At that time,how much interest expense was recorded for the period of January through April,2016?

• A) $2,000
• B) $1,000
• C) $6,000
• D) $3,000

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Definitions:

Hippocampus

A major component of the brain in humans and other vertebrates, playing critical roles in the consolidation of information from short-term to long-term memory and in spatial memory that enables navigation.

Corpus Callosum

A thick band of nerve fibers that divides the cerebral cortex lobes into left and right hemispheres, facilitating communication between the two sides of the brain.

Thalamus

A structure in the brain that acts as a relay station for transmitting sensory and motor signals to the cerebral cortex.

Sensory Losses

The reduction or absence of sensation in one or more of the senses, such as hearing, vision, smell, taste, or touch, often due to aging or disease processes.