16) On July 1, 2019, Cyclic Inc. issued $1,000,000 in principal of 6% bonds due in July 2024. The bond pays interest quarterly on January 2, April 1, July 1, and October 1. On November 1, 2020, Epimetheus Bank sold $5000 in face value of these bonds to Saturn Bank for $4381 plus $25 in accrued interest. Epimetheus Bank had recorded this investment as trading debt and its carrying value was $4527. Record the journal entries for Epimetheus Bank's sale of these bonds. Check all that apply. Dr. Realized loss -- $146 Dr. Cash -- $4356 Dr. Cash -- $4381 Cr. Interest revenue -- $25 Cr. Realized gain -- $146 Cr. Trading debt -- $4527 Dr. Cash -- $4406 17) Reckless Investments Inc., purchased a $1,000 face value Dull Co. 8% bond for $939 plus $20 in accrued interest to yield 11.5%. Reckless has the intent and ability to own this debt to maturity. Record the journal entries for Reckless's purchase of this debt. Select all that apply. Dr. Interest receivable -- $20 Cr. Cash -- $939 Cr. Cash -- $959 Dr. Held-to-maturity debt -- $959 Dr. Available-for-sale debt -- $939 Dr. Held-to-maturity debt -- $939 Dr. Available-for-sale debt -- $959 Dr. Discount on held-to-maturity debt -- $20 18) Winnie the Pooh hires Tigger as his personal exercise coach. Winnie the Pooh agrees to pay Tigger $2 per exercise session for 25 sessions, plus a $5 bonus if Winnie the Pooh can dunk a basketball during the 25th session. For the purposes of revenue recognition, Tigger treats each exercise session as a separate performance obligation because Winnie the Pooh can benefit from exercise session on its own and Tigger's promise to deliver each exercise session is separately identifiable in the contract. The potential performance bonus can be described as which one of the following? 1) Variable consideration 2) Non-cash consideration 3) A significant financing component 4) Consideration payable to the customer