A Corporation Issued 8% Bonds with a Par Value of $1,000,000,receiving

question 155

Multiple Choice

A corporation issued 8% bonds with a par value of $1,000,000,receiving a $20,000 premium.On the interest date five years later,after the bond interest was paid and after 40% of the premium had been written off,the corporation purchased the entire issue on the open market at 99 and retired it.The gain or loss on this retirement is:

• A)$0
• B)$10,000 gain
• C)$10,000 loss
• D)$22,000 gain
• E)$22,000 loss

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Definitions:

Family Structure

The composition and organization of a family unit, including the relationships between members.

Positive Force

A beneficial influence or impact that contributes to positive outcomes or improvements.

Stress

A physical and emotional response to perceived threats or challenges, resulting in a state of strain or tension.

Emmy Werner

A psychologist known for her work on resilience in children, particularly those who face significant adversities but manage to thrive.