A Company Retired $200,000 of Bonds,which Have an Unamortized Premium

question 7

Multiple Choice

A company retired $200,000 of bonds,which have an unamortized premium of $8,000,by purchasing them on the open market for $210,000.What is the amount of the gain or loss on the retirement of the bonds?

• A)There was a $10,000 loss.
• B)There was a $2,000 loss.
• C)There was a $10,000 gain.
• D)There was an $18,000 loss.

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Definitions:

Cultural Safety

Practices that recognize, respect, and nurture the unique cultural identity of individuals and communities, ensuring a safe environment for health care and social services.

Values

Core beliefs or standards that guide and motivate attitudes and actions in individuals and groups.

Beliefs

Individuals’ acceptance that certain statements are true or that something exists, often forming the basis of their actions and decisions.

Attitudes

A settled way of thinking or feeling about something, which can significantly influence individuals' behavior and perceptions.