Which of the following is TRUE? Select one: O a. When the carrying value of a bond is less than its retirement price, a gain on early debt retirement will be recorded b. A convertible bond allows for a bond to be converted at a future date into shares of the issuer's 'common shares O c. Interest payments to debtholders are not required to be paid if the company reports a net loss and subsequently no income. O d. None of the listed answers are true Notes Assume the following share capital structure for Wolf Inc.: - Preferred shares, 6%, $25 par value, cumulative, 2,000 shares outstanding, with dividends in arrears for the years 2018, 2019, and 2020. - Common shares, no par value, 2,000 shares outstanding. Total dividends declared in 2021 were $30,000. The total amount of dividends payable to common shareholders is Select one: O a $30,000 b. $27,000 O c. $21,000. O d. $18,000 The statement of earnings would not include Select one: a. the effect on prior years of changes in accounting standards O b. the effect of non-operating transactions. c. the effect of discontinued operations. O d. the effect of impairment of goodwill