Identify the assumption represented in each scenario,the decide if it is satisfied or violated.
Definitions:
Bonds Before Maturity
The buying or selling of bonds in the financial markets before they have reached their specified maturity date.
Extraordinary Item
A term used in accounting to describe events and transactions that are both unusual and infrequent in nature, significantly affecting a company's financial position.
Loss On Bond Redemption
The financial loss incurred when bonds are redeemed before their maturity date at a higher value than their purchase price.
Straight-Line Amortization
A technique for distributing the cost of an asset uniformly throughout its period of use.
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