A $750,000 Bond Was Retired at 103 When the Carrying

question 259

Multiple Choice

A $750,000 bond was retired at 103 when the carrying value of the bond was $777,500. The entry to record the retirement would include a

• A) gain on bond redemption of $22,500.
• B) loss on bond redemption of $5,000.
• C) loss on bond redemption of $22,500.
• D) gain on bond redemption of $5,000.

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Definitions:

Radioactive Material

A material containing unstable nuclei that emit radiation as they decay, including alpha particles, beta particles, and gamma rays.

Atomic Nucleus

The dense center of an atom, containing protons and neutrons.

Atomic Nucleus

The dense region at the center of an atom, composed of protons and neutrons, around which electrons orbit.

Alpha Particle

A type of ionizing radiation made up of two protons and two neutrons, emitted by certain radioactive materials and can be harmful if ingested or inhaled.