Use the Following Information to Answer the Question(s)below

question 20

Multiple Choice

Use the following information to answer the question(s) below.
Pfadt Inc.had $600,000 par of 8% bonds payable outstanding on January 1,2013 due January 1,2017 with an unamortized discount of $12,000.Senat is a 90%-owned subsidiary of Pfadt.On January 2,2013,Senat Corporation purchased $150,000 par value of Pfadt's outstanding bonds for $152,000.The bonds have interest payment dates of January 1 and July 1.Straight-line amortization is used.
-Bonds Payable appeared in the December 31,2013 consolidated balance sheet of Pfadt Corporation and Subsidiary in the amount of

• A)$398,925.
• B)$441,000.
• C)$443,250.
• D)$450,000.

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Definitions:

Fees

Charges levied by a service provider for specific services rendered or to cover certain expenses.

Arbitrator Selection

The process of choosing an impartial third party to resolve a dispute in arbitration, typically agreed upon by all parties involved.

Negotiation

A discussion aimed at reaching an agreement where two or more parties with different needs and goals discuss an issue to find a mutually acceptable solution.

Mediation

A form of alternative dispute resolution that involves a neutral third party helping disputants to reach a mutually agreeable solution.