A company retires its bonds with a face value of $100,000 at 105. The carrying value of the bonds at the retirement date is $103,745. The journal entry to record this retirement will include a:
A. credit to Bonds Payable.
B. debit to Discount on Bonds Payable.
C. debit to Premium on Bonds Payable.
D. credit to Gain on Bond Retirement.
Answer: C
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a. job descriptions b. corporate codes of conduct c. computer security modules d. vendor master files
Typically, all of the following are tasks of structured systems design except:
a. to recommend which computer hardware to use for the new system b. to convert the structured specification into a reliable, maintainable design c. to develop a plan and budget that will ensure an orderly and controlled implementation of the new system d. to develop a user manual which facilitates efficient and effective use of the new system
Contingent assets may be disclosed in the notes if probable and reasonably estimable
a. True b. False Indicate whether the statement is true or false
Which of the following is essential in order for a published article to benefit a firm?
A) appearing on international Web sites B) generating long-term newsstand sales C) creating controversy and debate D) providing statistical information E) reaching the desired audience