1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
iragen [17]
3 years ago
14

A $600,000 bond was retired at 102 when the carrying value of the bond was $622,000. The entry to record the retirement would in

clude a Select one: a. gain on bond redemption of $10,000. b. loss on bond redemption of $12,000. c. loss on bond redemption of $10,000 d. gain on bond redemption of $12,000.
Business
1 answer:
lubasha [3.4K]3 years ago
5 0

Answer:

The answer is a. gain on bond redemption of $10,000.

Explanation:

As the carrying value of the bond is up to $622,000, while the redemption only takes the company 600,000 x 102% = $612,000 ( that is, it takes $612,000 cash to clear $622,000 liabilities); the entry will include a gain on bond redemption of $10,000 which is calculated as $622,000 - $612,000 = $10,000.

Details entry should be:

Dr Bond payable                           600,000

Dr Premium on bond                    22,000

Cr Cash                                         612,000

Cr Gain on bond redemption         10,000

You might be interested in
How is a post from a social media influencer different than a comment from a regular consumer
Licemer1 [7]
I have no clue but maybe because the influencer is more popular
7 0
3 years ago
Read 2 more answers
Why should people take personal finance?
FinnZ [79.3K]
Personal finance skills help you to understand how much you earn, what are your monthly expenses, and help you to budget within that income. It teaches you the basics of money management.
8 0
3 years ago
__________ is measuring and evaluating the results of marketing strategies and plans and taking corrective action to ensure that
Sergeu [11.5K]

Marketing control is measuring and evaluating the results of marketing strategies and plans and taking corrective action to ensure that the objectives are achieved.

<h3>What is Marketing control?</h3>
  • The organizational discipline of Marketing control focuses on the effective administration of a firm's marketing resources and operations as well as the practical application of marketing orientation, strategies, and procedures inside enterprises and organizations.
  • To examine the industrial context in which the company operates, Marketing control uses methods from economics and competitive strategy. Marketing control includes value chain analysis, the examination of strategic groups of competitors, and Porter's five forces, among others.
  • When creating detailed competitor profiles, marketers utilize SWOT analysis to concentrate on the relative competitive strengths and weaknesses of each rival in the market.
  • Marketing control will look at each rival's cost structure, profit sources, assets, and capabilities as well as its competitive positioning, product differentiation, level of vertical integration, past responses to market changes, and other elements.

To learn more about Marketing control with the given link

brainly.com/question/17191750

#SPJ4

5 0
2 years ago
Why should your business use Performance Planner?
klasskru [66]

Answer:

The answer is C.It makes recommendations that are validated using machine learning.

Explanation:

A performance planner is a tool used by Google Ads to devise plans in relation to how a business spends on advertising and how changes on advertisement campaigns will affect key metrics and the general performance. It is mostly used as a forecasting tool, with the use of machine learning to show the possibilities or potential outcomes in Google Ads campaigns. This implies that all the conclusions arrived at, are determined by machine learning.

7 0
3 years ago
During a certain six-year period, the consumer price index (CPI) increased by 35%, but during the next six-year period, it incre
julsineya [31]

Answer:

A. Inflation

Explanation:

CPI is an abbreviation for the consumer price index. The CPI is a measure of the average changes in the prices of consumer goods and services in the economy. The CPI index measures changes in prices of products that represent the general consumption in the economy. Economists use the CPI index to ascertain the rate of inflation.

Inflation is described as the increase in prices of goods and services in the economy in a period. If prices in the economy are increasing at a high rate, the CPI index will be high. A high CPI index indicates the inflation rate is high.

7 0
3 years ago
Other questions:
  • The grocery store has bulk pecans on sale, which is great since you're planning on making 8 pecan pies for a wedding. How many p
    11·2 answers
  • Item4 10 points eBookPrintReferences Check my work Check My Work button is now disabledItem 4Item 4 10 points Item Skipped Bisho
    7·1 answer
  • The _____ usually begins with a formal request to the it department, called a systems request, which describes problems or desir
    11·1 answer
  • Issuing a note payable for cash results in a(n) ______. a. increase in liabilities and a decrease in stockholders' equity b. inc
    10·1 answer
  • Dinero bank offers you a five-year loan for $58,000 at an annual interest rate of 6.25 percent. what will your annual loan payme
    9·1 answer
  • The Anti-Counterfeiting Trade Agreement applies to counterfeit physical goods and to pirated copyrighted works being distributed
    13·1 answer
  • Which professionals would most likely use heavy equipment and specialized Tools in their line of work
    13·1 answer
  • Productivity at the Wisconsin branch of Big Box Manufacturing has decreased significantly over the last twelve months. Aaron, th
    12·1 answer
  • Dartford Company reported the following financial data for one of its divisions for the year; average investment center total as
    11·1 answer
  • Which of the tax structures do you think is most fair? Why? (See p. 360–362 of Economics: Principles in Actions for review). Giv
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!