On June 30, 2021, Moran Corporation issued $4 million of its 8% bonds for $3.5 million. The bonds were priced to yield 9.4%. The bonds are dated June 30, 2021. Interest is payable semiannually on December 31 and July 1. If the effective interest method is used, by how much should the bond discount be reduced for the six months ended December 31, 2021? a) $3,500. b) $4,500. c) $4,800. d) $9,000.

b) $4,500

Explanation:

The computation of the bond discount that should be reduced is given below;

Bond discount to be reduced

= ($3,500,000 × 9.4 × 1 ÷ 2) - ($4,000,000 × 8% × 1 ÷ 2)

= $164,500 - $160,000

= $4,500

hence, the bond discount that should be reduced is $4,500

Therefore the option b is correct

there's 11 people for the 1st position. then, no matter who gets it, there's only 10 left for the second, and then 9 left for the third. 11 x 10 x 9 = 990.   the answer is there are 990 different ways the positions can be filled by these applicants

answer; post closing trial balance;