A bond is issued at a price of 103 and retired early at a price of 97.
Question:
A bond is issued at a price of 103 and retired early at a price of 97. Which of the following is true?
a. A gain will be reported on the income statement when the bond is issued.
b. A loss will be reported on the income statement when the bond is issued.
c. A gain will be reported on the income statement when the bond is retired.
d. A loss will be reported on the income statement when the bond is retired.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
The correct answer is d A loss will be reported on the income statement when the bond is retired A l...View the full answer
Answered By
Okanga Ogalo
I have been a tutor for many years, and I have also been a teacher. I have tutored people of all ages, from young children to adults. I have also taught in a variety of settings, including public schools, private schools, and online schools.
One of the things that I love about tutoring is that it allows me to really get to know my students. I can learn about their interests, their learning styles, and what motivates them. I can also tailor my lessons to meet their individual needs.
Another thing that I love about tutoring is that it gives me the opportunity to help people learn in a way that is best for them. Some people learn best by listening to lectures, while others learn best by doing hands-on activities. I enjoy being able to adapt my teaching methods to each individual student.
I also enjoy the challenge of tutoring. I like being able to help my students overcome obstacles and reach their goals. It is gratifying to see my students improve and succeed.
Overall, I believe that tutoring is a great way to help people learn. It is a flexible, individualized, and challenging way to learn. I am passionate about tutoring and I believe that it can make a difference in the lives of my students.
0 Reviews
10+ Question Solved
Related Book For 
Fundamentals Of Financial Accounting
ISBN: 9781265440169
7th Edition
Authors: Fred Phillips, Shana Clor Proell, Robert Libby, Patricia Libby
Question Posted:
