Because of changing market conditions, Friendly Corporation made the decision to redeem $300,000 of its bonds prior to maturity. The bonds had been issued at a discount and the balance in the discount account at the time of redemption was $15,000 . The corporation's bond certificates indicated that the bonds could be retired early at 103 . Friendly's retirement of the bonds would result in a(n)
a. loss of $24,000.
b. gain of $6,000.
c. decrease in owners' equity of $9,000.
d. increase in assets of $15,000.
a
You might also like to view...
Describe an internal control procedure that would prevent payment of an invoice for goods that were never delivered
Interest margin to average total assets measures:
a. the balance between earning and nonearning assets. b. management's ability to control the spread between interest income and interest expense. c. the ability to borrow successfully. d. the proportion of debt to equity. e. the return on owner's investment.
After the previous sales representative in his territory infuriated an important customer, Benjamin visited the customer once a month, never asking for business but hoping to rebuild trust through listening and expressing concern. Finally, after more than two years, the customer gave Benjamin an order. Benjamin was providing the important marketing function of
A. advising production on how much product to make. B. synthesizing and interpreting sales, accounting, and customer-profile data. C. alerting the logistics department when to ship products. D. identifying opportunities to expand. E. engaging customers and developing long-term relationships.
Step 6 - Prepare the First Draft - Craft Powerful Sentences with Active Voice ? Once you have completed the planning process for your written or spoken message and selected an inductive or deductive approach for your outline, you are ready to prepare the first draft. The process as well as the style you use will determine the success of your message. When composing the first working draft of your message, the most efficient and effective approach is to _________.
A. focus on details B. wait for inspiration C. compose quickly