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Spokane Company Called in Bonds at a Price That Was

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Spokane Company called in bonds at a price that was above the carrying value of the bond liability.Which of the following shows how this event will affect the elements of the financial statements?
Spokane Company called in bonds at a price that was above the carrying value of the bond liability.Which of the following shows how this event will affect the elements of the financial statements?   A)  Option A B)  Option B C)  Option C D)  Option D

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Definitions:

Enculturation

The process by which individuals learn and absorb the cultural norms, values, and practices of their society through experience and social interactions.

Individual's Personality

Describes the characteristic patterns of thoughts, emotions, and behaviors that make a person unique, including their attitudes, habits, and traits.

Phonetics

The systematic identification and description of distinctive speech sounds in a language.

Morphemes

The smallest units of sound that carry a meaning in language. They are distinct from phonemes, which can alter meaning but have no meaning by themselves.

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