Present Entries to Record the Selected Transactions Described Below: (A) $\$ 2,750,000$

question 173

Essay

Present entries to record the selected transactions described below: (a) Issued $\$ 2,750,000$ of 10 -year, $8 \%$ bonds at 97 .
(b) Amortized bond discount for a full year, using the straight-line method.
(c) Called bonds at 98 . Assume the bonds were carried at $\$ 2,692,250$ at the time of the redemption.

Distinguish between one-tailed and two-tailed tests and their application in research scenarios.

Understand the role of sample size and effect size in the power of a hypothesis test.

Understand and formulate null and alternative hypotheses for specific real-world scenarios.

Identify the Type I and Type II errors in hypothesis testing and describe their consequences.

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