This Year, Game Co

question 112

Multiple Choice

This year, Game Co. took advantage of market conditions to refund its outstanding debt. Game should report the excess of the carrying amount of the old debt over the amount paid to extinguish it as an)

• A) deferred credit to be amortized over life of new debt.
• B) part of continuing operations.
• C) extraordinary item, net of income taxes.
• D) prior period adjustment.

---

Definitions:

Steps Continuously

A term that likely refers to a process or mechanism that operates in a smooth, uninterrupted progression but is not a standardized technical term. NO.

Start Winding

Winding on a motor that provides additional torque during startup to help the motor reach operating speed.

Split-phase Motor

An AC electric motor that uses a split-phase induction to create a rotating magnetic field for starting torque.

Stator Core

The stationary part of an electric generator or motor, especially the magnetic core, around which the winding is arranged.