On January 1, 2024, Walloon Co. issued its 10% bonds in the face amount of $3,000, which mature on January 1, 2034. The bonds were issued for $3,405 to yield 8%. Walloon uses the straight-line method of amortizing the bond premium. Interest is payable annually on December 31. The 12/31/25 unamortized bond premium is approximately:

Unamortized Premium is $324

Explanation:

First, we will calculate the premium amont of the bond at the time of issuance

Premium on Bond = Issuance value - Face value = $3,405 - $3,000 = $405

Using Straight-line method the premium on the bond will be amortized over the life of the bond

Amortization of Premium = Premium on Bond / Numbers of years to maturity at issuance = $405 / ( January 1, 2034 - January 1, 2024 ) = $405 / 10 = $40.5 per year

Now we will calculate the numbers of years accrued

Numbers of ears accrued = December 31, 2025 - January 1, 2024 = 2 years

Unamortized premium = Total Premium - Amortize Premium = Total Premium - ( Amortization per year x Numbers of year accrued ) = $405 - ( $40.5 x 2 years ) = $324

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.

answer; tech (a) is correct;