A $100,000 Bond Was Retired at 97 When the Carrying

question 98

Multiple Choice

A $100,000 bond was retired at 97 when the carrying amount of the bond was $102,500.The entry to record the retirement would include a

• A)gain on bond redemption of $2,500.
• B)loss on bond redemption of $2,500.
• C)loss on bond redemption of $5,500.
• D)gain on bond redemption of $5,500.

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Definitions:

Exposure Therapy

A psychological treatment that helps individuals confront their fears by gradual and repeated exposure to the feared object or context without any danger, in order to overcome their anxiety.

Repression

A defense mechanism where unwanted thoughts and desires are unconsciously pushed out of conscious awareness.

Resistance

In psychology, an individual's unconscious defense mechanisms that hinder the progress of therapy or change by opposing the uncovering of unconscious material.

Systematic Desensitization

A behavior therapy technique used to reduce phobias and anxieties by gradually exposing individuals to the feared object or situation while teaching relaxation strategies.