A company has bonds outstanding with a par value of $100,000. The unamortized discount on these bonds is $4,500. The company retired these bonds by buying them on the open market at 97. What is the gain or loss on this retirement?
A. $3,000 gain.
B. $1,500 loss.
C. $3,000 loss.
D. $1,500 gain.
E. $0 gain or loss.
Answer: B
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Andy keeps his savings in a money market mutual fund, Ben keeps his savings invested in U.S. savings bonds, Charlie keeps his in a bank, and Beth uses her savings to buy gold coins. Given this information, who among the following individuals is using direct finance?
A. Andy B. Ben C. Charlie D. Beth
Do not use a thesaurus ___________________
a. to find bigger words than you can think of b. if you cannot spell a word c. to locate antonyms d. to improve your vocabulary
Park Enterprises issued bonds with a face value of $500,000, a stated rate of interest of 7%, and a 5-year term to maturity. The proceeds from the issuance were $508,000. Interest is payable in cash on December 31 of each year. Assuming straight-line amortization, the amount of interest expense for the first year would be $31,600.
Answer the following statement true (T) or false (F)
TrinkCan is a soda manufacturing company. People can buy the company's soda from grocery stores, restaurants, vending machines, and online. In this scenario, it is evident that TrinkCan has adopted _____.
A. multichannel retailing B. independent wholesaling C. merchant wholesaling D. independent retailing