Bonds Payable has a balance of $1,000,000 and Premium on Bonds Payable has a balance of $7,000. If the issuing corporation 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
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In most organizations, coworkers and others have knowledge or suspicions that fraud is occurring but do not come forward with their information. There are several major reasons for this hesitancy. Which of the following is NOT one among them?
a. It is usually impossible to know for sure that a fraud is taking place. b. The suspicious action is not affecting their work. c. They fear reprisal for being a whistle-blower. d. They often think that squealing on someone is wrong.
Geographical proximity contributes to:
A. the likelihood of trade relationships. B. standardized freight costs. C. distrust and contempt. D. limited knowledge of the country by its neighbors.
Memos or email messages are the most frequent methods for sharing procedures and instructions for internal business communication when a written record is needed
Indicate whether the statement is true or false
Sale of new common stock in the primary market is regulated by the ________, and a sale of used common on the secondary market is regulated by the ________
A) SEC; FDIC B) SEC; SEC C) FDIC; Federal Reserve D) Federal Reserve; SEC