Bonds Payable Has a Balance of $900,000, and Premium on Bonds

question 5

Multiple Choice

Bonds Payable has a balance of $900,000, and Premium on Bonds Payable has a balance of $10,000. If the issuing corporation redeems the bonds at 103, what is the amount of gain or loss on redemption?

• A) $1,200 loss
• B) $1,200 gain
• C) $17,000 loss
• D) $17,000 gain

---

Definitions:

Legally Blind

A defined level of visual impairment where an individual's best-corrected vision in the better eye is 20/200 or worse, affecting their ability to perform daily activities.

Self-administration

The act of a person administering a medication or treatment to themselves, without the direct assistance of healthcare professionals.

Permanent Colostomy

A surgical procedure that creates an opening (stoma) in the abdominal wall for waste to leave the body, intended as a lifelong alteration.

Teaching/Learning Experience

The interactive process between teacher and learner that facilitates the acquisition of knowledge, skills, and attitudes.