Question
A $650000 bond was retired at 102 when the carrying value of the bond was $667000. The entry to record the retirement would include a
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A $650000 bond was retired at 102 when the carrying value of the bond was $667000. The entry to record the retirement would include a
a. gain on bond redemption of $4000.
b. gain on bond redemption of $13000.
c. loss on bond redemption of $13000.
d. loss on bond redemption of $4000.
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The interest rate investors demand for loaning funds is the
a. stated rate.
b. market interest rate.
c. contractual interest rate.
d. bond interest rate.
A $650000 bond was retired at 102 when the carrying value of the bond was $667000. The entry to record the retirement would include a
| a. | gain on bond redemption of $4000.
| |
| b. | gain on bond redemption of $13000.
| |
| c. | loss on bond redemption of $13000.
| |
| d. | loss on bond redemption of $4000.
|
The interest rate investors demand for loaning funds is the
| a. | stated rate.
| |
| b. | market interest rate.
| |
| c. | contractual interest rate. | |
| d. | bond interest rate.
|
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Strategic Management Concepts And Cases A Competitive Advantage Approach
Authors: Fred R. David
13th Edition
0136120989, 9780136120988
