Willson Glassware Company Issues $1,014,000 of 10%,10-Year Bonds at 97

question 7

Multiple Choice

Willson Glassware Company issues $1,014,000 of 10%,10-year bonds at 97 on February 28,2019.The bond pays interest on February 28 and August 31.On August 31,2019,how much cash did Willson pay to the bondholders?

• A) $51,968
• B) $50,700
• C) $101,400
• D) $49,432

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Definitions:

Mental Age

A measure of a person's intellectual development relative to people of their chronological age, indicating how far they have progressed in their cognitive abilities.

Cognitive Abilities

The mental capabilities that involve the acquisition, processing, retention, and application of information, such as memory, reasoning, attention, and problem-solving.

Encoding

The process of translating sensory input into a form or format that can be stored and used by the memory system.

Metacognition

The consciousness and comprehension of an individual's own cognitive mechanisms, commonly described as "thinking about thinking."