The Amount of Cash Received on Issuance of a 9

question 125

Multiple Choice

The amount of cash received on issuance of a 9 percent,$10,000 bond dated February 1 and issued June 1 at 96 is

• A)$9,300.
• B)$9,975.
• C)$9,600.
• D)$9,900.

---

Definitions:

Responsibility

The state or fact of being accountable or to blame for something, encompassing both personal and shared duties.

Stepfamilies

Families formed when a parent marries someone other than the child's original parent, leading to a new family structure.

Immersion

The deep mental involvement or physical placement in a particular activity, culture, or environment, often for learning or experiential purposes.

Defensiveness

A psychological reaction characterized by a refusal to accept or consider criticism or uncomfortable truths about oneself, often as a mechanism to protect self-esteem.