Bonds Payable has a balance of $1,000,000 and Discount on Bonds Payable has a balance of $15,500. If the issuing corporation redeems the bonds at 98.5, what is the amount of gain or loss on redemption?

A) $500 loss
B) $15,500 loss
C) $15,500 gain
D) $500 gain


A

Business

You might also like to view...

When a parent company owns a majority of the common shares of a subsidiary company but not 100% of them, the parent company will consolidate all of the subsidiary's revenues and expenses into its financial statements

Indicate whether the statement is true or false

Business

Answer the following statements true (T) or false (F)

1. You can anticipate, train, and prepare for every possible problem, outcome, or customer request. 2. An employee’s unmet economic needs can affect the guest’s experience. 3. Economic needs reduce as income level increases. 4. Motivation lasts, so one right action has the same impact as an ongoing process.

Business

Identify a true statement about Section 301 of the Sarbanes-Oxley Act.

A. It outlines the codes of ethics for senior financial officers. B. It outlines the rules of professional responsibility for attorneys. C. It mandates that a majority of a public company's board should be independents. D. It prohibits various forms of professional services that are determined to be consulting rather than auditing.

Business

Which of the following is among the most prominent organizational reasons for unethical behavior at work?

a. excessive financial success b. known punishments for unethical behaviors c. retaliation against more successful coworkers d. seeking to be a team player

Business