Mango Co. is owing Strawberry Ltd. a $600,000, 12%, 3-year note dated December 31, 2017. Mango Co. has undergone financial troubles, and continues to owe accrued interest of $72,000 related to the note at December 31, 2019. Using a "troubled debt" restructuring, on December 31, 2019, Strawberry Ltd. settles the note plus accrued interest for property owned by Mango Co. The property's fair value is $540,000. Mango Co. had first paid $435,000 for the property. Not considering income taxes, on their 2019 income statement, what should Mango Co. report resulting from the "troubled debt" restructuring? O a Gain on Gain on Disposition of Restructuring Land 165,000 Ob Gain on of Debt 0 Gain on Disposition of Restructuring Land of Debt 237,000 0 Gain on Gain on Disposition of Restructuring Land 105,000 Od Gain on of Debt 132,000 Gain on Disposition of Restructuring Land 105,000 of Debt 60,000 As of Dec 31, 2019, the 10% "bonds payable" of Maple Leafs Co's carrying value was $7,600,000. With a face value of $8,000,000, the bonds had been issued with a discount, yielding 12%. Maple Leaf's co used the "effective interest" method to record the bond discount amortization. Interest of the bond is to be paid on Jan 1st and July 1st of every year. The July 1, 2020 interest payment & amortization of the discount has been recorded correctly. On July 2, 2020, Maple Leafs Co. retired the bonds at 102. Not considering income taxes, what loss, if any, should Maple Leafs Co. record related to the retirement of the bonds? O a. $504,000 O b. $160,000 Oc. $560,000 O d. $448,000 Saturn Ltd. issues a 10 year bond having a value at maturity of $600,000. If the bond was issued at a "premium", this would indicate that a. no relationship exists between the two rates. O b. the stated rate was higher than the market rate. the market rate was higher than the stated rate. Od. the market and stated rates were the same. If you sold bonds at issuance for a "discount" and the "straight line" method is used to amortize, in the early years, interest expense will be: a. less than the stated rate of interest. Ob. less than it would have been had the effective-interest method of amortization been used. OC. O d. the same as it would have been had the effective- interest method of amortization been used. higher than it would have been had the effective- interest method of amortization been used