On January 1,a Company Issues Bonds Dated January 1 with a Par

question 176

Multiple Choice

On January 1,a company issues bonds dated January 1 with a par value of $400,000.The bonds mature in 5 years.The contract rate is 7%,and interest is paid semiannually on June 30 and December 31.The market rate is 8% and the bonds are sold for $383,793.The journal entry to record the issuance of the bond is:

• A)Debit Cash $400,000;debit Discount on Bonds Payable $16,207;credit Bonds Payable $416,207.
• B)Debit Cash $383,793;debit Discount on Bonds Payable $16,207;credit Bonds Payable $400,000.
• C)Debit Bonds Payable $400,000;debit Bond Interest Expense $16,207;credit Cash $416,207.
• D)Debit Cash $383,793;debit Premium on Bonds Payable $16,207;credit Bonds Payable $400,000.
• E)Debit Cash $383,793;credit Bonds Payable $383,793.

Understand the current structure and priorities of U.S. immigration law, including the emphasis on family reunification.

Recognize the socio-economic implications of both legal and illegal immigration in the U.S., such as employment, prison rates, and contributions to population growth.

Analyze the economic theories and models that explain the dynamics of immigration and its impact on wages, employment, and national output.

Identify the economic costs and benefits associated with immigration, including the concept of marginal benefit and the role of remittances.

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Definitions:

Prediction Interval

A range of values within which a future observation is expected to fall, with a certain probability.

Confidence Interval

A spread of values obtained from statistical scrutiny of samples, presumed to potentially contain the value of an undetermined population parameter.

Confidence Interval Estimate

An interval of values calculated from a sample that is expected to include the value of an unseen population parameter, with a certain degree of confidence.

Prediction Interval

An estimate of an interval in which future observations will fall, with a certain probability, given what has already been observed.