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

question 25

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 1,2011 due January 1,2015 with an unamortized discount of $12,000.Senat is a 90%-owned subsidiary of Pfadt.On January 2,2011,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 31,2011 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:

IT Department

The division within a company that is responsible for managing and maintaining the technology infrastructure and services.

Technology Costs

Technology costs involve the expenses associated with the acquisition, implementation, and maintenance of technology in an organization or project.

Systems Programmer

A specialist responsible for writing and maintaining system software that runs computer hardware and provides a platform for running application software.

Systems Software

Software designed to provide a platform for other software. Examples include operating systems, device drivers, and utilities.