A company has bonds outstanding with a par value of $60,000. The unamortized premium on these bonds is $1260. If the company retired these bonds at a call price of $58,200, the gain or loss on this retirement is:
A. $1800 loss.
B. $3060 gain.
C. $1800 gain.
D. $1260 gain.
E. $1260 loss.
Answer: B
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Fill in the blank(s) with the appropriate word(s).
A sequential interview is usually shorter than a one-on-one interview
Indicate whether the statement is true or false
Joe Kunz agrees to buy a computer from Alf Singer for $3,000, by paying six installments of $500 each. Joe gave Alf $500 as a down payment but then backs out of the deal. Alf's loss of profit will be $1,500
Which of the following statements is TRUE? A) Joe is entitled to get the $500 back. B) Alf is entitled to keep the $500and sue for the balance of the lost profit. C) Alf is entitled to keep the $500, but cannot sue for the balance. D) Under no circumstances can Joe ever get the down payment back. E) Alf is entitled to keep the $500 and sue for all of his lost profit.