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Bonds Payable has a balance of $1,000,000 and Premium on Bonds Payable has a balance of $7,000 . If the issuingcorporation redeems the bonds at 101, what is the amount of gain or loss on redemption?
a. $3,000 loss b. $3,000 gain c. $7,000 loss d. $7,000 gain
A company takes 7,500 hours to produce 15,000 units of a product. What is the velocity?
A) 1 units per hour B) 0.5 units per hour C) 0.5 units per hour D) 2 unit per hour E) 2.5 units per hour
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Under which of the following categories would Accounts Payable appear?
A) Long-term assets B) Current assets C) Long-term liabilities D) Current liabilities