QUESTION 4
Sundance Company has Bonds Payable of $2,000,000 and Premium on Bonds Payable of $100,000. Assuming the bonds are due in 10 years, what
amount should Sundance report as the carrying value of the bonds in long-term liabilities on its year-end balance sheet?
O A. $2,100,000
O B. $1,900,000
OC. $100,000
O D. $2,000,000

the correct answer is  D. $2,000,000.

if you look at the question, this has two parts.

1st part is the long term bonds of $2,000,000 and the 2nd part is the payable interest on bonds $100,000.

these two are both Liabilities, yet they are not recorded in the same account and we use 2 separate accounts for recording purposes. they are the Long term bond account and the payable interest account.

payable interest represents a short term liability and a cost that will be incurred by the business in the short run while the bond account represents the long term balance of the bonds.

Explanation:

The correct answer is the option A: True.

Explanation:

To begin with, the concept of "Monitoring Information System" in the field of business and in the techonolgy areas is refered to the type of system that is used with the main purpose of allowing the users to capture data, process and dissenimate information in a systematic way in order to improve the velocity of the time used to accomplish those tasks in the organization. Moreover, when it comes to aggregating the "project" part in the term, the system focuses in the recollection of data and its analysis and use in order to help the project to complete what it needs to.