Robin Corporation Retires Its $800000 Face Value Bonds at 104

question 122

Multiple Choice

Robin Corporation retires its $800000 face value bonds at 104 on January 1 following the payment of annual interest. The carrying value of the bonds at the redemption date is $829960. The entry to record the redemption will include a

• A) credit of $2040 to Loss on Bond Redemption.
• B) debit of $2040 to Loss on Bond Redemption.
• C) credit of $32040 to Premium on Bonds Payable.
• D) debit of $32000 to Premium on Bonds Payable.

---

Definitions:

Brain Diseases

Conditions that impair normal brain function, including neurodegenerative diseases such as Alzheimer's and Parkinson's.

Memory

The persistence of learning over time through the storage and retrieval of information.

Behavior Genetics Perspective

A field of study focused on understanding how genetic and environmental variables contribute to variations in behavior.

Inborn Traits

Characteristics or properties present in an individual at birth, determined by genetic factors.