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VI. Show your work A S1,500,000 bond was retired at 101 when the carrying value of the bond was S1,519,600. What would be the gain
VI. Show your work A S1,500,000 bond was retired at 101 when the carrying value of the bond was S1,519,600. What would be the gain or loss on the redemption? 1. a. S4,600 gain b. $4,600 loss c. S15,000 gain d. $15,000 loss 2. Mast General Store has total receipts for the month of S45,990 including sales taxes. If the sales tax rate is 5%, what are Mast's sales for the month? a. $43,691 b. $43,800 c. S48,290 d. It cannot be determined
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