Clabber Company has bonds outstanding with a par value of $107,000 and a carrying value of $101,500. If the company calls these bonds at a price of $98,500, the gain or loss on retirement is:
A. $3000 loss.
B. $5500 loss.
C. $8500 loss.
D. $3000 gain.
E. $5500 gain.
Answer: D
You might also like to view...
Self-concept has two key components, what are they?
A. self-reliance and self-esteem B. perceived self and real self C. self-identity and self-image D. self-image and self-esteem
Which of the following is the best example of relationship marketing?
A. Gate Corp. uses personal selling till the provider stage to reach individual customers. B. Venus Inc. focuses on using print media to have a wide reach. C. Fin Corp. focuses on short-term gains through one-time transactions. D. Kite Inc. uses mass media to communicate with its target audience. E. Felix Inc. develops a long-term link with individual customers for mutual benefit.
To improve the fairness of compulsory arbitration agreements, it has been suggested that all of the following be done except:
A. Allow employees to waive their rights on a case by case basis only so that they can consider the facts of each dispute before waiving their rights B. Allow employees access to any information relevant to the case C. Share expenses in such a way as to keep them reasonable to both parties D. Limit the range of remedies available to the arbitrator
A defendant must file a responsive pleading to a complaint filed by a plaintiff. The defendant is most unlikely to file which of the following in response to the complaint:
a. a counterclaim b. a motion to dismiss c. a request for admissions d. an answer e. all of the other choices would be proper at this time