ension 28 Stock sold at par results in: wered nts out of Flag question Select one: O a. A credit to Additional Paid-in Capital O b. A contingent liability for the company O c. A contingent liability for the stockholder. O d. A debit to Reserve for Contingencies O e. A credit to Common Stock equal to the amount paid. sto 29 vered On January 1, 2018, Fox Corp. issued 1,000 of its 10%, $1,000 bonds for $1,040,000. These bonds were to mature on January 1, 2028, but were callable at 102 any time after December 31, 2021. Interest was payable semiannually on July 1 and January 1. After 5 years, on July 1, 2023, Fox called all of the bonds and retired them. Bond premium was properly amortized on a straight-line basis over 10 years. Before income taxes, Fox's gain or loss in 2023 on this early extinguishment of debt was: ats out of Flag question Select one: O a $20,000 gain O b. $22,000 loss O c. $2,000 loss O d. $8,000 gain O e. $10,000 loss ston 30 Contingent Losses should be accrued: yet vered its out of Select one O a. When probable and reasonably estimable. O b. When reasonably possible and the possible amount is known for certain O c. When the possibility is remote but the possible amount is known for certain O d. Only when the legal liability is known for certain lag