Question: just answer, no need for explanation please and thx you :) A $275,000 bond was redeemed at 98 when the carrying amount of the bond

just answer, no need for explanation

please and thx you :)

A $275,000 bond was redeemed at 98 when the carrying amount of the bond was $268,125. The entry to record the redemption would include a Oa. a. gain on bond redemption of $6,875. Ob. loss on bond redemption of $1,375. Oc. loss on bond redemption of $6,875. Od. gain on bond redemption of $1,375

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

just answer, no need for explanation please and thx you :) $319,000 bond was redeemed at 103 when the carrying amount of the bond was $331,441. The entry to record the redemption would include a Oa....

just answer, no need for explanation please and thx you :) A $540,000 bond issue on which there is an unamortized discount of $37,000 is redeemed for $460,000. Journalize the redemption of the bond...

Please read the attachment chapters and answer the following questions with at least 50 words. Depreciation discussion What are the various methods of determining depreciation and amortization...

PLEASE BE ACCURATE with answers COMP- XM question ...statement information below in attachment It is January 2nd and senior management of Chester meets to determine their investment plan for the...

COMP-XM QUESTION PLEASE SEE ATTACHMENT It is January 2nd and senior management of Chester meets to determine their investment plan for the year. They decide to fully fund a plant and equipment...

please answer it Asap On January 1, 2021, Ivanhoe Ltd. issued bonds with a maturity value of $6,800,000 when the market rate of interest was 4%. The bonds have a coupon (contractual) interest rate of...

can any expert help me with the below assignment just only 2 questions ,please read the requirment word by word and be careful about the style of the reference(APA) , file 3.1 is for question...

I do not understand this. Please answer questions. Description / Instructions: Complete the following Week 3 Assignment in WileyPLUS: *Problem 9-7A *Exercise 10-5 *Exercise 10-8 *Exercise 10-13...

Explain the difference between each of the following terms: a) A price consumption curve and a demand curve b) An individual demand curve and a market demand curve c) An Engel curve and a demand...

Waterways Corporation puts much emphasis on cash flow when it plans for capital investments. The company chose its discount rate of 8% based on the rate of return it must pay its owners and...

36. Explain the importance of a contract in the revenue recognition process.

US sol Weygandt, Financial Accounting, 10e Cencard Corporation had 100 units in begining lnvetory at a total cost of $15,000. The company pewchaned 400 units at a total cost of $0,000. t the end of...