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:

Idiopathic Hypertension

High blood pressure of unknown cause.

Tachycardia

A condition characterized by an abnormally fast heart rate, typically defined as a resting heart rate over 100 beats per minute.

Arrhythmia

An irregular heartbeat, which can be too fast, too slow, or with an irregular rhythm.

Arrhythmia

Arrhythmia refers to any change from the normal sequence of electrical impulses in the heart, leading to irregular heart rhythms.