Debra Technologies Invests $68,000 to Acquire $68,000 Face Value,10%,five-Year Corporate

question 46

Multiple Choice

Debra Technologies invests $68,000 to acquire $68,000 face value,10%,five-year corporate bonds on December 31,2010.The bonds will mature on December 31,2015.The bonds pay interest semiannually on December 31 and June 30 every year until maturity.Assume Debra Technologies uses a calendar year.Based on the information provided,which of the following will be included in the journal entry for the transaction on December 31,2014?

• A)a credit to Interest Revenue for $6,800
• B)a debit to Interest Revenue for $6,800
• C)a credit to Interest Revenue for $3,400
• D)a debit to Interest Revenue for $3,400

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Definitions:

Customer Demographics

Statistical characteristics of consumers, such as age, gender, income, and education, used to identify market segments.

TAM, SAM, SOM

stands for Total Addressable Market, Serviceable Available Market, and Service Obtainable Market, respectively, and they are metrics used to estimate the potential market size and revenue opportunity for a product or service.

Disposable Income

The amount of income left to an individual after taxes have been paid, available for spending, saving or investing.

Product Application

Goods or services created to meet a demand, thereby providing a solution to a customer problem.