Clayton Corporation Made the Following Entry in Its General Journal

question 105

Multiple Choice

Clayton Corporation made the following entry in its general journal:

Which of the following describes the above transaction?

• A)Clayton records interest expense and amortization of discount on bonds payable.
• B)Clayton issues bonds with a face value of $5,400 for $5,000 cash.
• C)Clayton records annual interest and amortization of premium on bonds.
• D)Clayton redeems callable bonds when the carrying value is $5,400.

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Definitions:

Non-targeted Species

Organisms that are unintentionally affected by human activities or control measures aimed at other species.

Human Activities

Actions by humans that affect the environment, economy, and society, ranging from agriculture and industry to recreation and urban development.

Large Catches

Large catches refer to the significant quantities of fish or other marine organisms captured at once by fishing operations, which can impact marine populations and ecosystems.

Conservationist

An individual or a group actively involved in the protection and preservation of nature and wildlife, often advocating for sustainable practices to protect the environment.