Philips, a multinational electronics corporation based in the netherlands and diversified in the consumer electronics, domestic appliance, lighting, medical systems and medical technology industries would encounter the following forces of local responsiveness: a. cultural differences, government demands, and economies of scopeb. cultural differences, government demands and factor costsc. cultural differences, government demands, and local competitorsd. cultural differences, government demands, and increasingly liberalized trade environments

(entries for bond transactions) on january 1, 2017, aumont company sold 12% bonds having a maturity value of $500,000 for $537,907.37, which provides the bondholders with a 10% yield. the bonds are dated january 1, 2017, and mature january 1, 2022, with interest payable december 31 of each year. aumont company allocates interest and unamortized discount or premium on the effective-interest basis. instructions (round answers to the nearest cent.) (a) (b) (c) (d) prepare the journal entry at the date of the bond issuance. prepare a schedule of interest expense and bond amortization for 2017–2019. prepare the journal entry to record the interest payment and the amortization for 2017. prepare the journal entry to record the interest payment and the amortization for 2019.