On January 1 of Year 1,Congo Express Airways Issued $3,500,000

question 72

Multiple Choice

On January 1 of Year 1,Congo Express Airways issued $3,500,000 of 7% bonds that pay interest semiannually on January 1 and July 1.The bond issue price is $3,197,389 and the market rate of interest for similar bonds is 8%.The bond premium or discount is being amortized at a rate of $10,087 every six months.After accruing interest at year end,the company's December 31,Year 1 balance sheet should reflect total liabilities associated with the bond issue (including interest) in the amount of:

• A)$3,217,563.
• B)$3,340,063.
• C)$3,782,437.
• D)$3,780,000.
• E)$3,902,500.

Understand the procedural requirements for corporate changes, including charter amendments and the involvement of the secretary of state.

Understand the basic input and output operations in C++ using cin and cout.

Recognize the use and importance of format manipulators and appropriate header files in C++.

Identify correct syntax for basic operations in C++.