A $500,000 Bond Was Retired at 97 When the Carrying

question 149

Multiple Choice

A $500,000 bond was retired at 97 when the carrying amount of the bond was $495,000. The entry to record the retirement would include a

• A)gain on bond redemption of $15,000.
• B)loss on bond redemption of $10,000.
• C)loss on bond redemption of $15,000.
• D)gain on bond redemption of $10,000.

---

Definitions:

Psychological Functions

Fundamental processes of the human mind, such as perception, memory, cognition, and emotion, that underlie human behavior and experience.

Interpreting Information

The process of understanding, analyzing, and making sense of data, symbols, or situations to form meaningful conclusions.

Critical Thinking

The ability to analyze facts to form a judgment. It includes the evaluation of sources, such as data, facts, observable phenomena, and research findings.

Brain Imaging Tools

Technologies, such as MRI and CT scans, used to visualize the structure and function of the brain.