On January 2, 2011, Oakwood, Inc

question 67

Multiple Choice

On January 2, 2011, Oakwood, Inc., purchased $800,000 of 10 percent, 10-year bonds for $872,000. The bonds pay interest on January 1 and July 1 of each year. Oakwood uses straight-line amortization for all premiums or discounts. On July 1, 2014, Oakwood sold the bonds for $832,000. How much gain or loss should Oakwood record on the sale?

• A) $6,800 gain
• B) $6,800 loss
• C) $14,800 gain
• D) $14,800 loss

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Definitions:

Human Resource Information System

A software or online solution used to collect, store, manage, and interpret data related to an organization's human resource operations.

Change Process

The methodical approach to transitioning individuals, teams, and organizations from a current state to a desired future state.

HR Planning

Strategic process of forecasting an organization's future human resource needs and planning for how to meet those needs.

Radical Organizational Change

Substantial and fundamental transformations within an organization that affect its structures, processes, and culture.