A $100,000 Bond Was Retired at 95 When the Carrying

question 34

Multiple Choice

A $100,000 bond was retired at 95 when the carrying amount of the bond was $103,000. The entry to record the retirement 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 $8,000.
• D) loss on bond redemption of $8,000.

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Definitions:

Patriarchal Society

A societal structure where men hold primary power and predominate in roles of political leadership, moral authority, social privilege, and control of property.

Human Exceptionalism Paradigm

The belief that humans are separate from and superior to nature and other animals, often used to justify anthropocentric views and policies.

Cultural Accumulation

describes the process through which a culture gathers and amasses knowledge, traditions, and artifacts over time.

Ecofeminist

An approach that combines ecological concerns with feminist perspectives, highlighting the connection between the exploitation of nature and the subordination of women.