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

question 68

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 first interest payment on June 30,2014,what was the bond carrying amount?

• A) $10,000
• B) $9,400
• C) $9,460
• D) $9,880

---

Definitions:

Auditory

Pertaining to the sense of hearing or the system responsible for processing sound.

Chunks

Units of information organized in the short-term memory, facilitating easier recall by grouping related data together.

5- To 6-Year-Old

A developmental phase where children experience rapid growth in physical, cognitive, and social skills, often starting formal education.

Chunk

A term used in psychology to describe a unit of memory or information that is grouped together for easier recall.