A Company Retires Its Bonds with a Face Value of $100,000

question 12

Multiple Choice

A company retires its bonds with a face value of $100,000 at 105.The carrying value of the bonds at the retirement date is $103,745.The journal entry to record this retirement will include a:

• A)debit to Premium on Bonds Payable.
• B)credit to Gain on Bond Retirement.
• C)credit to Bonds Payable.
• D)debit to Discount on Bonds Payable.

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Definitions:

Scaffolding

An educational technique involving the provision of supportive structures and guidance to facilitate learning, allowing the learner to perform tasks they would not be able to accomplish alone.

Parental Support

Assistance, encouragement, and care provided by parents to their children, crucial for healthy development and emotional well-being.

Cognitive Skills

Mental abilities that include reasoning, problem solving, memory, perception, and processing information to understand and interact with the world.

Propositions

Expressions or claims that convey a decision or viewpoint.