At the Maturity of a Bond Investment, the Journal Entry

question 43

Multiple Choice

At the maturity of a bond investment, the journal entry has:

• A)a debit to Cash and a credit to the Short-term Investments account.
• B)a debit to the Short-term Investments account and a credit to Cash.
• C)a debit to the Interest Revenue and a credit to Cash.
• D)a debit to Cash and a credit to Interest Revenue.

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Definitions:

Elderly

Pertaining to individuals of an advanced age, typically considered to be those who are 65 years old and above.

Major

A primary area of study in higher education upon which a student focuses during their undergraduate degree program.

Mild Neurocognitive Disorder

A condition involving modest cognitive decline from a previous level of performance, but not severe enough to interfere with daily activities.

Independent Functioning

The ability of an individual to perform daily activities and fulfill roles without the need for assistance from others.