On January 1,a Company Issues Bonds Dated January 1 with a Par

question 135

Multiple Choice

On January 1,a company issues bonds dated January 1 with a par value of $400,000.The bonds mature in 5 years.The contract rate is 7%,and interest is paid semiannually on June 30 and December 31.The market rate is 8% and the bonds are sold for $383,793.The journal entry to record the first interest payment using straight-line amortization is:

• A)Debit Interest Payable $14,000.00;credit Cash $14,000.00.
• B)Debit Interest Expense $14,000.00;credit Cash $14,000.00.
• C)Debit Interest Expense $15,620.70;credit Discount on Bonds Payable $1,620.70;credit Cash $14,000.00.
• D)Debit Interest Expense $12,379.30;debit Discount on Bonds Payable $1,620.70;credit Cash $14,000.00.
• E)Debit Interest Expense $15,620.70;credit Premium on Bonds Payable $1,620.70;credit Cash $14,000.00.

Understand the theoretical models explaining the extinction contrast effect.

Recognize the impact of reinforcement schedules on behavior intensity and pause patterns.

Understand the basic principles of classical conditioning and its terminologies.

Comprehend the effects of the environment and contextual cues on conditioning and addiction.

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Definitions:

Tolerate Uncertainty

The ability to remain calm and functional despite not knowing the outcome of a situation or having incomplete information.

Modern Psychologists

Professionals in the field of psychology who apply contemporary theories and research to understand, predict, and treat mental, emotional, and behavioral issues.

Empirical Evidence

Data gathered from direct observation or experimental investigation.

Modify Behavior

The process of changing one's actions or reactions through various techniques, such as reinforcement or punishment, to achieve a desired outcome.