A $300,000 bond was redeemed at 104 when the carrying value of the bond was $316,000 . The entry to record theredemption would include a
a. loss on bond redemption of $3,000
b. gain on bond redemption of $3,000
c. gain on bond redemption of $4,000
d. loss on bond redemption of $4,000
c
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Liquidity ratios are an indication of a company's
A) ability to effectively employ its resources. B) overall debt to equity position. C) overall debt position. D) ability to pay bills when they are due and to meet unexpected needs for cash.
The four overlapping dimensions of complexity that are relevant to globalization and the challenge confronting global leaders include all of the following except
A. multiplicity. B. ambiguity. C. interdependence. D. proximity. E. dynamism.
________ is a mode of thinking that people engage in when they are deeply involved in a cohesive in-group, when members' strivings for unanimity override their motivation to realistically appraise alternative courses of action.
A. Brainwriting B. Brainstorming C. Goal displacement D. Groupthink E. Brainwashing
The most restrictive view under common law is that auditors have no liability to third parties who do not have a privity relationship with the auditor. Briefly define privity and the effect it has on the auditor, client, investors, and creditors under common law.
What will be an ideal response?