[The Following Information Applies to the Questions Displayed Below

question 12

Multiple Choice

[The following information applies to the questions displayed below.]
Austin Corporation issues $6,000,000 of 10%,10-year bonds,dated December 31,Year 1.The bonds are issued on April 30,Year 2,at 100 plus accrued interest.Interest on the bonds is payable semiannually each June 30 and December 31.
-The amount of Austin's interest expense on this bond issue during Year 2 amounts to:

• A)$400,000.
• B)$450,000.
• C)$360,000.
• D)$600,000.

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Definitions:

Fallopian Tubes

Tubes that extend from the uterus to the ovaries, providing the path for an egg to travel during ovulation.

Spermatogenesis

The process of sperm cell development, occurring in the testes of males.

Spermatocytes

Cells in the testes that undergo meiosis to produce sperm.

Spermatids

Immature male sex cells that result from the division of secondary spermatocytes and will eventually develop into mature sperm.