Acorporation issues $100,000, 8%, 5-year bonds on january 1, 2007, for $104,200. interest is paid annually on january 1. if the corporation uses the straight-line method of amortization of bond discount, the amount of bond interest expense to be recognized in december 31, 2007's adjusting entry is
a. $7,160.
b. $8,000.
c. $8,840.
d. $840.

Option (a) is correct.

Explanation:

Yearly amortization of the bond discount:

= (Amount of bonds issued - Issued for)

= (100,000 - $104,200) ÷ 5

= -$840

Adding this to the cash payment of interest:

= $100,000 × 8%

= $8,000

We get,

= Interest payment + Yearly amortization of the bond premium

= $8,000 + (-$840)

= $7,160

It is the amount of bond interest expense to be recognized in December 31, 2007.

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shopping mall is a group of retail stores under one roof. the cognitive structure of an urban shopping center. attributes of shopping mall image, customer satisfaction and mall patronage for selected shopping malls in southern gauteng

answer: a. the kind of population living in your neighbourhood.

the census explorer data tool by the us census bureau allows the user to zoom in on any neighbourhood within the united states and find the kind of people residing in that by race and age.  

the tool needs to needs to be used twice – once in order to find what type of people reside in a neighbourhood, and then to see the age groups of the people in the same neighbourhood.