Bonds Payable has a balance of $1,200,000 and Premium on Bonds Payable has a balance of $18,750. If the issuing corporation redeems the bonds at 102, what is the amount of gain or loss on redemption? Multiple Choice $5,250 loss $42,750 gain $5,250 gain
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A:
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A: Option d is the answer.
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- Irving Inc. sold bonds with a $50,000, 10% interest, and 10-year term at $52,000. What is the total amount of interest expense over the life of the bonds?Bonds Payable has a balance of $962,000 and Premium on Bonds Payable has a balance of $10,582. If the issuing corporation redeems the bonds at 103, what is the amount of gain or loss on redemption? a.$990,860 gain b.$18,278 loss c.$10,582 gain d.$10,582 lossBonds Payable has a balance of $1,137,000 and Discount on Bonds Payable has a balance of $13,644. If the issuing corporation redeems the bonds at 98, what is the amount of gain or loss on redemption? a.$13,644 loss b.$9,096 loss c.$9,096 gain d.$13,644 gain
- Bonds Payable has a balance of $880,000 and Premium on Bonds Payable has a balance of $9,680. If the issuing corporation redeems the bonds at 102, what is the amount of gain or loss on redemption? Oa. $7,920 loss Ob. $9,680 gain Oc. $7,920 gain Od. $9,680 lossBonds Payable has a balance of $951,000 and Discount on Bonds Payable has a balance of $11,412. If the issuing corporation redeems the bonds at 98, what is the amount of gain or loss on redemption? a.$7,608 loss b.$7,608 gain c.$11,412 gain d.$11,412 lossBonds Payable has a balance of $1,184,000 and Discount on Bonds Payable has a balance of $11,840. If the issuing corporation redeems the bonds at 97.5, what is the amount of gain or loss on redemption? a. $17,760 loss b. $11,840 loss c. $11,840 gain Od. $17,760 gain
- Bonds Payable has a balance of $909,000 and Premium on Bonds Payable has a balance of $9,999. If the issuing corporation redeems the bonds at 102, what is the amount of gain or loss on redemption? a.$9,999 gain b.$8,181 gain c.$9,999 loss d.$8,181 lossBonds Payable has a balance of $1,000,000 and Discount on Bonds Payable has a balance of $15,500. If the issuing corporation redeems the bonds at 98 1/2, what is the amount of gain or loss on redemption? a. $500 loss Ob. $15,500 gain Oc. $500 gain Od. $15,500 loss 43 0 77777777777Bonds Payable has a balance of $987,000 and Premium on Bonds Payable has a balance of $10,857. If the issuing corporation redeems the bonds at 102, what is the amount of gain or loss on redemption? Select the correct answer. a-$10,857 loss b-$8,883 gain c-$10,857 gain d-$8,883 loss
- Bonds Payable has a balance of $1,000,000 and Discount on Bonds Payable has a balance of $10,000. If the issuing corporation redeems the bonds at 97 1/2 what is the amount of gain or loss on redemption?Accounting Bonds Payable has a balance of $957,000 and Discount on Bonds Payable has a balance of $9,570. If the issuing corporation redeems the bonds at 97.5, what is the amount of gain or loss on redemption? a. $14,355 loss b. $9,570 gain c. $14,355 gain d. $9,570 lossBonds Payable has a balance of $802,000 and Discount on Bonds Payable has a balance of $9,624. If the issuing company redeems the bonds at 98, what is the amount of gain or loss on redemption?