On January 1, Year 1, Williams Corporation issued $200,000 of callable bonds at face value. The bonds carried a 2% call premium. If Williams calls the bonds, how would this event affect the company's accounting equation?
A. Decrease liabilities by $200,000.
B. Decrease stockholders' equity by $4,000.
C. Decrease assets by $204,000.
D. All of these answer choices are correct.
Answer: D
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