When Bonds Are Retired Before Maturity

question 64

Multiple Choice

When bonds are retired before maturity,

• A)only a loss on redemption can be recorded.
• B)only a gain on redemption can be recorded.
• C)either a gain or a loss on redemption can be recorded.
• D)neither a gain nor a loss on redemption can be recorded.

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Definitions:

Low-Throughput Economy

An economic system focused on minimizing resource use and waste production.

Barrel of Oil

A unit of measure for crude oil and other petroleum products, equivalent to 42 US gallons.

Environmental Surprise

Unanticipated or unforeseen events or changes in the environment that can drastically impact ecosystems and human societies.

pH

A measure of how acidic or basic a solution is, on a scale of 0 to 14, where 7 is neutral, values less than 7 are acidic, and values greater than 7 are basic.