The Glenn Corporation Issues 1,000, 10-Year, 8%, $2,000 Bonds Dated

question 155

Multiple Choice

The Glenn Corporation issues 1,000, 10-year, 8%, $2,000 bonds dated January 1 at 96. The journal entry to record the issuance will show a

• A) debit to Discount on Bonds Payable for $80,000
• B) debit to Cash of $2,000,000
• C) credit to Bonds Payable for $1,920,000
• D) credit to Cash for $1,920,000

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Definitions:

Generalize Findings

The process of applying the results of a study or conclusion beyond the specific contexts or participants studied.

Descriptive Statistics

Statistical methods that summarize or describe a collection of data using measures such as mean, median, and mode.

Population Parameters

Quantitative characteristics or metrics of a population, such as mean, variance, or standard deviation.

Data Vary

This term indicates that data points can differ from each other across a set of data, showing variability or divergence.