Use the Following Information for Questions 74 and 75

question 86

Multiple Choice

Use the following information for questions 74 and 75.
Landis Company purchased $2,000,000 of 8%, 5-year bonds from Ritter, Inc. on January 1, 2014, with interest payable on July 1 and January 1. The bonds sold for $2,083,160 at an effective interest rate of 7%. Using the effective-interest method, Landis Company decreased the Available-for-Sale Debt Securities account for the Ritter, Inc. bonds on July 1, 2014 and December 31, 2014 by the amortized premiums of $7,080 and $7,320, respectively.
-At April 1, 2015, Landis Company sold the Ritter bonds for $2,060,000. After accruing for interest, the carrying value of the Ritter bonds on April 1, 2015 was $2,064,960. Assuming Landis Company has a portfolio of Available-for-Sale Debt Securities, what should Landis Company report as a gain or loss on the bonds?

• A) ($58,740).
• B) ($43,740).
• C) ($4,960).
• D) $ 0.

---

Definitions:

Weigh Patients

The routine practice of measuring a patient's body weight to monitor health, assess nutritional status, or calculate medication dosages.

Hypovolemia

A medical condition characterized by a severe loss of blood or body fluids, leading to decreased blood volume and potential circulatory shock.

IV Infiltration

A medical occurrence where fluid from an intravenous injection leaks into the surrounding tissue.

Phlebitis

Inflammation of a vein, often accompanied by pain and swelling, and sometimes leading to thrombosis.