A $800,000 Bond Was Retired at 98 When the Carrying

question 158

Multiple Choice

A $800,000 bond was retired at 98 when the carrying value of the bond was $824,000. The entry to record the retirement would include a

• A)gain on bond redemption of $24,000.
• B)loss on bond redemption of $24,000.
• C)loss on bond redemption of $40,000.
• D)gain on bond redemption of $40,000.

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Definitions:

Brainstorming

A creative group technique used to generate a large number of ideas for the solution to a problem.

Process Gains

The enhanced outcomes or efficiencies that result from the collective efforts of a group working together, exceeding what individuals could achieve on their own.

Synergies

The interaction or cooperation of two or more organizations, substances, or other agents to produce a combined effect greater than the sum of their separate effects.

Social Facilitations

The enhancement of an individual's performance when in the presence of others, due to increased arousal and motivation.