Use the Following Information to Solve the Following Questions

question 39

Multiple Choice

Use the following information to solve the following questions:
On July 1, 2020, Harry Ltd. purchased $ 200,000 (par value) of Prince's 8% bonds. Because the market rate was 9%, Harry purchased them for $ 186,992. The bonds pay interest semi-annually on December 31 and June 30. Harry uses the amortized cost model and the effective-interest method to recognize interest income on bond investments.
-Rounding values to the nearest dollar (if necessary) , the bond discount to be amortized on December 31, 2020 is

• A) $ 8,415.
• B) $ 8,000.
• C) $ 7,585.
• D) $ 415.

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Definitions:

Articulations

Joints or connections between bones that allow for varying degrees of movement, stability, and support in the skeletal system.

Axial Skeleton

Part of the skeleton that includes the bones of the head and trunk of a vertebrate, such as the skull, vertebral column, ribs, and sternum.

Appendicular Skeleton

The portion of the skeleton that includes the bones of the limbs and girdles, facilitating movement.

Pelvic Girdles

The ring-like bony structure, located in the lower part of the trunk, that supports the lower limbs and attaches them to the spine.