Question
OnJuly1,2014,MiniatureCompanyhasbondswithbalancesasshownbelow.Ifthecompanyretiresthebondsfor$66,150,whatwillbetheeffectontheincomestatement? 65, 000 bonds payable 3,250 premium on bonds payable A. loss on retirement of $2,100 B. loss on retirement of $4,400 C. gain on
OnJuly1,2014,MiniatureCompanyhasbondswithbalancesasshownbelow.Ifthecompanyretiresthebondsfor$66,150,whatwillbetheeffectontheincomestatement?
65, 000 bonds payable
3,250 premium on bonds payable
A. loss on retirement of $2,100
B. loss on retirement of $4,400
C. gain on retirement of $4,400
D. gain on retirement of $2,100
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Corporate Financial Accounting
Authors: Carl S Warren, Jeff Jones
16th Edition
0357510380, 978-0357510384
