Hooper Corporation Has Bonds Outstanding with a Face Value of $100,000

question 148

Multiple Choice

Hooper Corporation has bonds outstanding with a face value of $100,000 and a carrying value of $103,000 on December 31,2010.If the company calls in and retires these bonds on December 31,2010,for $105,000,the entry to record the retirement would be:

• A)
• \(\begin{array}{l}
• \text { Bonds Payable }&103,000 \\
• \text { Cash }&&103,000
• \end{array}\)
• B)
• \(\begin{array}{l}
• \text { Bonds Payable } & 105,000 \\
• \text { Cash }&& 105,000
• \end{array}\)
• C)
• \(\begin{array}{l}
• \text { Bonds Payable } \quad 100,000 \\
• \text { Loss on Retirement of Bonds } &3,000\\
• \quad \text { Cash }&&103,000
• \end{array}\)
• D)
• \(\begin{array}{ll}
• \text { Bonds Payable } \quad 100,000 & \\
• \text { Loss on Retirement of Bonds } & 2,000 \\
• \text { Unamortized Bond Premium } & 3,000 \\
• \quad \text { Cash }&&105,000
• \end{array}\)

Recognize the impact of vicarious reinforcement and punishment on behavior.

Describe the influence of media and modeling on behavior modification.

Explain the concept of theory of mind and its developmental significance.

Understand the relationship between observational learning and prosocial/antisocial behavior.

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Definitions:

Cultural Intelligence

An individual's ability to understand, respect, and navigate differing cultural contexts and practices, crucial for effective communication and interaction in diverse environments.

Culturally Diverse Environments

Settings or contexts that include individuals from a variety of cultural, ethnic, and racial backgrounds.

Cultural Intelligence

The capability to function effectively across national, ethnic, and organizational cultures.

Culturally Diverse Environments

Settings or organizations that include members from a variety of cultural, ethnic, and racial backgrounds, which can enhance creativity and innovation but also present communication challenges.