Answer:
Explanation:
The journal entry is shown below:
Bonds Payable A/c Dr. $1,500,000
Loss on Redemption of Bond A/c Dr. $25,100
To Discount on Bonds Payable A/c $70,100
To Cash A/c $1,455,000
(Being the redemption of the bond is recorded)
The loss on redemption of bond would be
= $1,455,000 + $70,100 - $1,500,000
= $25,100
It is the first choice that is the answer
Answer: Investments are the process of investing money for profit or materials result
Explanation: Investments are important because you can make a lot of money if you have little money
Answer:
a. Homogeneous products and perfect information
Explanation:
A perfect competition market is a market in which the level of competition is high.
It has the following characteristics -
1. Knowledge is perfect in this competition of producer and consumer with respect to the market.
2. Free entry and exit
3. Deals with homogeneous or identical products
4. The buyers and sellers are more in this market
5 No transportation exist