A $50,000 bond issue with a carrying value of $47,000 is called at 102 and retired. The entry to record the retirement of bonds would be:
a. Bonds Payable 50,000
Loss on Retirement of Bonds 4,000
Unamortized Bond Discount 3,000
Cash 51,000
b. Bonds Payable 47,000
Cash 47,000
c. Bonds Payable 50,000
Gain on Retirement of Bonds 3,000
Cash 47,000
d. Bonds Payable 50,000
Loss on Retirement of Bonds 1,000
Cash 51,000
A
You might also like to view...
________ means inviting the Internet community to help create content or software, often with prize money or a moment of glory involved
A) Stage-gating B) Cocreation C) Microstocking D) Buzzing E) Crowdsourcing
The _________________________ method of the ANALYZE_OBJECT procedure in the DBMS_DDL package erases the statistics that already exist in the data dictionary for an object.
Fill in the blank(s) with the appropriate word(s).
Business writing should be purposeful, economical, and ___________ oriented
Fill in the blank(s) with correct word
Karen is a strong swimmer. One afternoon she is having a picnic at a lake and sees a man she does not know drowning. Generally, Karen
a. has a legal duty to rescue the man. b. has a legal duty to rescue the man, but only if her efforts will not pose a serious threat to her own safety. c. has a legal duty to rescue the man since, as a strong swimmer, she is treated as a "special class" of persons who must get involved in such situations. d. has no legal duty to rescue the man.