Accrued Interest Was Recorded Annually

question 80

Multiple Choice

Accrued interest was recorded annually.On December 31,20C,the due date of the note,Bennett paid the amount due and recorded the transaction with which of the following?

• A)A debit to notes payable for $400,000.
• B)A debit to notes payable for $317,520.
• C)A credit to notes payable for $400,000.
• D)A credit to notes payable for $317,520.

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Definitions:

Ecological Niches

The role and position a species has in its environment, including all its interactions with the biotic and abiotic factors.

Galápagos Archipelago

A group of volcanic islands in the Pacific Ocean, renowned for their unique ecosystem that contributed to Charles Darwin's theory of natural selection.

Population Growth Models

Mathematical formulations that describe how populations change in size and composition over time, factoring in births, deaths, immigrations, and emigrations.

Extinction Rate

The rate at which species become extinct over a certain period of time, an important measure in the study of biodiversity and conservation biology.