The Victor Corporation issues 1,000, 10-year, 8%, $1,000 bonds dated January 1, 2009, at 96. The journal entry to record the issuance will show a

A) debit to Cash of $1,000,000.
B) credit to Discount on Bonds Payable for $40,000.
C) credit to Bonds Payable for $960,000.
D) debit to Cash for $960,000.


D

Business

You might also like to view...

U.S.-based Pearly People introduced a line of accessories that have been very popular in France, leading the company to want to open a distribution facility there. The marketing manager is optimistic and wants to scale up fast, but the HR manager advises proceeding with caution. What difference between the countries best explains the HR manager's advice?

A. French laws encourage layoffs when business slows, which is bad for morale. B. If the company replaces French workers in the future, they will have to develop new skills. C. HR planning addresses hiring but cannot prepare the company for a possible slowdown. D. U.S. laws give employers wide latitude for workforce reductions, but French laws do not. E. French companies are developing computer systems to automate distribution facilities.

Business

________ involves having customers visualize a concept of relationship by integrating two items in some mutual or reciprocal action

A) Perceptual mapping B) Market analysis C) Interactive imagery D) Conjoint analysis

Business

______ is the introduction or modification of work assignments, authority relationships, and communication and reward systems.

A. Organizational structure innovation B. Exploratory C. Operational innovation D. Process

Business

Shubelik Company is changing to an activity-based costing method. They have determined that they will use three cost pools: setups, inspections, and assembly. Which of the following would not be used as the activity base for any of these three activities?

A) number of units to be produced B) number of setups C) number of inspections D) number of direct labor hours

Business