Given the Following Information from an Amortization Table,compute the Effective

question 39

Multiple Choice

Given the following information from an amortization table,compute the effective interest expense,discount amortization,and the carrying value for the next line of the table:

• A)Effective Interest $46,664; Discount Amortization $4,664; Carrying Value $671,297
• B)Effective Interest $47,340; Discount Amortization $5,340; Carrying Value $681,628
• C)Effective Interest $48,114; Discount Amortization $6,114; Carrying Value $693,456
• D)Effective Interest $47,714; Discount Amortization $5,714; Carrying Value $687,342

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Definitions:

Refrigerators

Appliances that use cooling mechanisms to keep food and drinks at low temperatures, thereby preserving freshness and preventing spoilage.

Freezers

Appliances used for keeping food at very low temperatures to preserve freshness and prevent spoilage over a long period.

Global Company

An enterprise that operates in multiple countries around the world, offering its products or services across international borders.

Snickers Bar

A popular brand of chocolate bar consisting of nougat, caramel, and peanuts, enrobed in milk chocolate, marketed by Mars, Incorporated.