A $50,000 Bond with a Carrying Value of $52,000 Was

question 48

Multiple Choice

A $50,000 bond with a carrying value of $52,000 was called at 103 and retired.In recording the retirement,the issuing company should record

• A) a $500 gain.
• B) a $1,500 loss.
• C) a $2,000 gain.
• D) no gain or loss.

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Definitions:

Human Resource Managers

Professionals responsible for overseeing employee-related aspects of a company, including recruitment, training, policy enforcement, and benefits administration.

Local Training

Training programs that are developed and delivered within a specific geographical location or community, often aimed at addressing the unique needs of the local workforce.

Host-Country Nationals

Employees who are citizens of the country in which a foreign subsidiary is located but are working for a multinational company.

Fair Labor Standards Act

An act that set rules for the employment of workers, including minimum wage levels, hours of work, and conditions for overtime.