Use the Information Below to Answer the Following Questions

question 8

Multiple Choice

Use the information below to answer the following questions:
Assume that on 1 January 2012 the company issued $100 000 ten-year bonds with a 10% coupon rate paid semi-annually. The bond is issued to yield a 12% return to investors selling for $88 529.
-What would be the debit journal entry to record the sale of the bond on 1 January 2012?

• A) DR Cash $88 529
• B) DR Cash $100 000
• C) DR Bonds $88 529
• D) DR Bonds $100 000.

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Definitions:

Social Investment Theory

Suggests that individuals mature and their personalities solidify as they invest in socially defined roles such as career, relationships, and parenting.

Quantum Change

Sudden, profound, and lasting transformations in a person's perspective or personality, often as a result of an intense experience.

Birth Order

The sequence in which a person is born in their family, which can influence their personality and behavior.

Personality

The combination of characteristics or qualities that form an individual's distinctive character, influencing patterns of thought, emotion, and behavior.