A $900,000 Bond Was Retired at 98 When the Carrying

question 288

Multiple Choice

A $900,000 bond was retired at 98 when the carrying value of the bond was $888,000. The entry to record the retirement would include a

• A) gain on bond redemption of $12,000.
• B) loss on bond redemption of $6,000.
• C) loss on bond redemption of $12,000.
• D) gain on bond redemption of $6,000.

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Definitions:

Nutritional Status

An assessment of the body's dietary intake and nutrient levels, crucial for maintaining health and preventing diseases.

Prealbumin

A protein found in the blood that is an indicator of nutritional status and can help assess the risk of malnutrition.

Albumin

A protein produced by the liver, circulating in the bloodstream, and playing a key role in maintaining blood volume and pressure.

Triceps Skinfold

A measure of the thickness of a fold of skin and underlying fat on the back of the upper arm, used to estimate body fat.