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:

Persuasive Style

The approach or method adopted to convincingly present arguments or ideas to influence others.

Metaphors

Figurative language used to represent objects, actions, or ideas in such a way that it implies a resemblance, conveying a meaning not explicitly stated.

Language Intensity

The degree of emotion and power used in oral or written communication, affecting the message's effectiveness and reception.

Double Defense Approach

A strategy combining two separate methods of protection or defense to enhance overall effectiveness.