Assume that the interest rate is $8\%.$ Which of the following cash$-$inflow streams should you prefer?

A$.\frac{\text{Y}\text{e}\text{a}\text{r}1}{\text{\$}400}\frac{\text{Y}\text{e}\text{a}\text{r}2}{\text{\$}300}\frac{\text{Y}\text{e}\text{a}\text{r}3}{\text{\$}\text{\$}200}\frac{\text{Y}\text{e}\text{a}\text{r}4}{\text{\$}100}$

B$.$ $$100,$$$200,$$$300,$$$400$

C$.$ $$250,$$$250,$$$250,$$$250$

D$.$ Any of the above, since they each sum to $$1,000.$

Mission Corp. borrowed $$50,000$ cash on April $1,2022,$ and signed a one$-$year $12\%$ note payable. The interest and principal are both due on March $31,2023.$

The amount of accrued interest expense for the year ended December $31,2022$ is:

A$.$ $$6,000.$

B$.$ $$4,500$

C$.$ $$4,000.$

D$.$ $$1,500.$

$14.$ Libby Company purchased equipment by paying $$5,000$ cash on the purchase date and agreeing to pay $$5,000$ every six months during the next four years. The first payment is due six months after the purchase date. Libby's borrowing rate is $8\%.$

The equipment reported on the balance sheet as of the purchase date is closest to:

A$.$ $$45,000.$

B$.$ $$38,664.$

C$.$ $$33,664.$

D$.$ $$40,000.$

$15.$ On January $1,2020,$ Ellison Co$.$ issued eight$-$year bonds with a face value of $$6,000,000$ and a stated interest rate of $6\%,$ payable semiannually on June $30$ and December $31.$ The bonds were sold to yield $8\%.$

The issue price of the bonds is closest to:

A$)$ $$5,301,360.$

B$)$ $$5,308,920.$

C$)$ $$5,337,360.$

D$)$ $$5,997,600.$