On January 1, 2017, Macie Company purchased Jefferson Company's 9% bonds with a face amount of $200,000 for $213,420 to yield 8%. The bonds mature on January 1, 2027, and Macie has both the intent and ability to hold these bonds to maturity. The bonds pay interest annually on December 31. Assuming Macie uses the effective interest method of amortizing the bond premium; interest income reported on
the income statement for the year ended December 31, 2017, would be
A) $16,000.
B) $17,074.
C) $18,000.
D) $18,926.
B
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If an employee shows moderate to low maturity, a manager should use ______ leadership, according to the Situational Leadership model?
a. participating style b. telling style c. delegating style d. selling style
Which of the following is an important limitation of the buyer resolution theory?
A) Salespeople find the theory too complex. B) Customers already know what they should buy. C) Few customers ask the question, "What is a fair price?" D) Knowing which decisions are difficult for buyers is difficult. E) Answers provide little insight into customer buying strategies.
The best way to avoid negative service encounters is through
a. using volunteers b. hiring experienced employees c. internal marketing d. providing quality products e. having a target audience satisfaction program
Fetzer Company declared a $0.55 per share cash dividend. The company has 200,000 shares authorized, 190,000 shares issued, and 8,000 shares in treasury stock. The journal entry to record the dividend declaration is:
A. Debit Retained Earnings $104,500; credit Common Dividends Payable $104,500. B. Debit Retained Earnings $100,100; credit Common Dividends Payable $100,100. C. Debit Common Dividends Payable $100,100; credit Cash $100,100. D. Debit Common Dividends Payable $104,500; credit Cash $104,500. E. Debit Retained Earnings $110,000; credit Common Dividends Payable $110,000.