On 15 October 2016,Rural Sales Has a Debenture with Balances

question 2

Multiple Choice

On 15 October 2016,Rural Sales has a debenture with balances as shown below. If Rural Sales wishes to redeem the debentures for $82 000,what will be the effect on the income statement?

• A) Loss on redemption of $2 600
• B) Loss on redemption of $2 000
• C) Gain on redemption of $2 600
• D) Gain on redemption of $2 000

---

Definitions:

Social Welfare

Organized activities or structures in society designed to support individuals in meeting their basic needs and enhancing their well-being.

National Association

An organized group at the national level that often represents people with similar interests or professions.

Social Workers

Professionals dedicated to helping people solve and cope with problems in their everyday lives by providing support and resources.

Social Policy

A set of guidelines, principles, and courses of action adopted by a government or social institution to impact welfare and social issues.