a. pure No maximum payments, no entitlement to payments, "lowest seniority, decision rights are all features of: debt b. hybrids C. pure equity d. none of the above On December 15, 20x9, Knight Corporation reacquires and retires all of its outstanding bonds by paying $85,000 in cash. This early retirement of the bonds results in $5,000 gain. The face value of the bonds is $100,000. Determine the amount of the discount that has not been amortized yet as of December 15, 20x9. a. $0 b. $10,000 c. $15,000 d. Indeterminable. On July 15, 20x9, Krystal Corporation reacquires and retires all of its outstanding bonds that were issued 3 years ago. This transaction results in a gain. Which of the following statement is true regarding the early retirement of the bonds? The amortized cost of the bonds must be lower than the market value. b. The market interest rate on July 15, 20x9 must be lower than the market interest rate on the date the bonds were issued 3 years ago. c. The coupon must be higher than the market interest rate on July 15, 20x6. d. None of the above is true. a. Which of the following account is different in nature from the rest? a. allowance for doubtful accounts b. accumulated depreciation c. discount on bonds payable d. net realizable value allowance