A $300,000 bond was redeemed at 98 when the carrying value of the bond was $292,000 . The entry to record theredemption would include a
a. loss on bond redemption of $4,000
b. gain on bond redemption of $4,000
c. gain on bond redemption of $2,000
d. loss on bond redemption of $2,000
d
Business
You might also like to view...
You anticipate audience resistance in the solution step of Monroe's Motivated Sequence
Indicate whether this statement is true or false.
Business
All of the following are part of the fraud element triangle EXCEPT:
a. Theft act b. Concealment c. Conversion d. Rationalization
Business
Training lets team members work together and get to know each other.
Answer the following statement true (T) or false (F)
Business
An employee has the power to quit at any time, but may be sued for resulting damages if in so doing he or she breaches a valid contract to work for a specified period
Indicate whether the statement is true or false
Business