A $300,000 Bond Was Redeemed at 98 When the Carrying

question 96

Multiple Choice

A $300,000 bond was redeemed at 98 when the carrying value of the bond was $295,000. The entry to record the redemption would include a

• A) loss on bond redemption of $5,000.
• B) gain on bond redemption of $5,000.
• C) gain on bond redemption of $1,000.
• D) loss on bond redemption of $1,000.

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Definitions:

Perceptual Learning

A process through which practice or experience leads to improvements in the processing of sensory information.

Featural Analysis

A process in object recognition and perception involving the breakdown and analysis of sensory input into fundamental features or components.

Face Perception

The classification and recognition of stimuli that are faces.

Gestalt Psychology

A school of psychology emphasizing the study of whole entities rather than simple elements. Gestalt psychologists concentrate on problems of perception and problem solving, and they argue that people’s cognitive experience is reducible not to their experience of simple elements (e.g., sensations) but rather to the overall structure(s) of their experience.