At December 31, 2023, Carrie's Cookie Co. has 8% bonds payable with a carrying value of $775,000. The face value of the bonds payable is $800,000 and the yield is 5%. On January 15, 2024, Carrie's Cookie Co. retired the bonds at 105. What is the reacquisition price?

What does the reacquisition price represent?

At December 31. 2023, Carrie's Cookie Co, has 8% bonds payable with a carrying value of $775,000. The face value of the bonds payable is $800,000 and the yield is 5\%. On January 15, 2024. Carrie's Cookie Co. retired the bonds at 105 . What is the reacquisition price? a. $800,000 b. $775,000 c. $760,000 d. $840,000 What does the reacquisition price represent? a. The amount paid on redemption to extinguish the bond before maturity: b. The purchase price paid in a business combination. c. The quoted market price of the bond. d. The face value of the bond