If Bonds with a Face Value of $20,000 Are Redeemed

question 103

Multiple Choice

If bonds with a face value of $20,000 are redeemed before maturity when the amortized cost of the bonds is $18,000, the entry to record the redemption will include a debit to

• A) Bonds Payable for $20,000.
• B) Bonds Payable for $18,000.
• C) Interest Payable for $2,000.
• D) Bonds Payable equal to the market price of the bonds on the date of conversion.

---

Definitions:

Biogeographic Province

A region defined by unique ecological and evolutionary processes that shape the distribution and diversity of species within it.

Marsupials

A group of mammals characterized by giving birth to relatively undeveloped offspring that typically continue to grow inside the mother's pouch.

Evolutionary Biologists

Scientists who study the evolutionary processes that have given rise to the diversity of life on Earth.

Molecular Phylogenies

The use of molecular data to reconstruct the evolutionary relationships between different species or groups.