Use the Following Information to Answer the Next 6 Questions

question 38

Multiple Choice

Use the following information to answer the next 6 questions:
X2 issued callable bonds on January 1,2015.The bonds pay interest annually on December 31 each year.X2's accountant has projected the following amortization schedule from issuance until maturity:

-X2 buys back the bonds for $103,000 immediately after the interest payment on 12/31/2016 and retires them.What gain or loss,if any,would X2 record on this date?

• A)No gain or loss.
• B)$3,000 gain.
• C)$1,202 loss.
• D)$327 loss.

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Definitions:

Ageism

Discrimination or prejudice against individuals or groups based on their age.

Discrimination

Discriminatory behavior towards various groups of individuals, particularly based on their race, age, or gender.

Sexism

Refers to the discrimination or prejudice against individuals based on their sex or gender, often impacting opportunities, treatment, and perception in various aspects of life.

Jingoism

Extreme patriotism, especially in the form of aggressive or warlike foreign policy.