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11) (1 point) A corporation's own stock that has been issued and then bought back try the company is referred to as A) Treasury

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11) (1 point) A corporation's own stock that has been issued and then bought back try the company is referred to as A) Treasury Stock C) Common Stock B) Authorized Stock D) Preferred Stock 12) (10 points) Presented below is a partial amortization schedule for The Burrito Company (1) Period (2) Cash Paid January June 30 December 31 $8,000 8.000 (3) Interest Expense (4) Decrease in Carrying Valee (5) Carrying Valee $221,355 $7,747 5253 220,10 7,739 261 220,841 (a) Record the bond issue assuming the face value of the bond is $200,000. (b) Record the first interest payment. (c) If the bond is retired after the December 31 interest payment for $215,000, what is the gain or loss on retiring the bond? Indicate both the dollar amount and whether there is a gain or loss.

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