<span>A manufacturer with a product in the decline stage of the product life cycle would most likely decide to let current stocks of the product run out if there is reason to believe that there will be a small but continuing demand for the product.
When there is a decline in demand of a product, an organization most likely will stop producing as much of the item to see if sales pick up. If they do not pick up, they will probably let everything run out so that they aren't in the hole with their product any longer and producing a product that is not selling. </span>
C. Intentional
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Answer:
Walter company Journal $
Date
Bond investment Dr 1,000,000
Bond premium Dr 50,000
Bank Cr. 1,050,000
Narration. Bond retirement at a premium of 5% over par.
Explanation:
The bond investment account is kept fixed at the amount at which it was subscribe, the corresponding interest are debited to income statement on payment to the bond holders.
In the same vein the retirement of the bond at a premium represents an expenses to the firm which has to be debited to the income statement on payment to the bond holders.
