A Corporation Retired $200,000 of Bonds Which Have an Unamortized

question 56

Multiple Choice

A corporation retired $200,000 of bonds which have an unamortized premium of $8,000,by repurchasing them for $210,000.How much was the gain or loss on the retirement of the bonds?

• A)There was a $10,000 loss.
• B)There was a $2,000 loss.
• C)There was a $10,000 gain.
• D)There was an $18,000 loss.

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Definitions:

Political Terms

Specific terminology used within the context of politics to describe processes, ideologies, structures, and roles.

Ingroup Favoritism

A psychological pattern where individuals prefer and favor members of their own group over those from different groups.

Prejudiced

Prejudiced refers to having preconceived opinions or judgements about something or someone, often involving negative and unfounded attitudes towards different races, genders, or other social groups.

Minimal Group Effect

The finding that people show favoritism toward ingroup members even when group membership is randomly determined.