Bonds with a Face Amount $1,000,000, Are Sold at 96

question 45

Multiple Choice

Bonds with a face amount $1,000,000, are sold at 96. The entry to record the issuance is

• A) Cash 1,000,000 Premium on Bonds Payable 40,000
• Bonds Payable 960,000
• B) Cash 960,000 Premium on Bonds Payable 40,000
• Bonds Payable 1,000,000
• C) Cash 960,000 Discount on Bonds Payable 40,000
• Bonds Payable 1,000,000
• D) Cash 960,000 Bonds Payable 960,000

---

Definitions:

Femoral vein

A major blood vessel in the thigh and leg that returns oxygen-depleted blood back to the heart.

Inguinal veins

Blood vessels located in the inguinal (groin) area that drain blood from the lower limbs back to the heart.

Median cubital

Referring to the median cubital vein, a prominent vein located in the cubital fossa of the arm, commonly used for venipuncture.

Cephalic veins

Superficial veins located in the lateral aspect of the arm, often used for intravenous access or blood drawing.