A $900,000 Bond Was Retired at 103 When the Carrying

question 171

Multiple Choice

A $900,000 bond was retired at 103 when the carrying value of the bond was $933,000.The entry to record the retirement would include a

• A)gain on bond redemption of $27,000.
• B)loss on bond redemption of $6,000.
• C)loss on bond redemption of $27,000.
• D)gain on bond redemption of $6,000.

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Definitions:

Flexion

A movement that decreases the angle between two body parts, such as bending a limb at a joint.

Extension

The act of increasing the length, duration, or scope of something beyond the original limit.

Pronation

The inward roll of the foot during normal motion, or the rotational movement of the forearm that turns the palm downward.