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:

Negative Energy

A concept referring to a mood, attitude, or atmosphere considered detrimental or harmful to well-being or morale.

Organization

An ordered grouping of people and resources with a particular purpose, such as a business or government department.

Courtesy

The showing of politeness in one’s attitude and behavior toward others.

Organizational Success

The achievement of goals and objectives by a company or organization, measured through factors like profitability, growth, and market share.