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mart [117]
3 years ago
14

Clabber Company has bonds outstanding with a par value of $123,000 and a carrying value of $111,100. If the company calls these

bonds at a price of $106,500, the gain or loss on retirement is:
Business
1 answer:
White raven [17]3 years ago
4 0

Answer:

The gain on retirement = $4,600

Explanation:

The gain or loss on retirement = Carrying Value of the Bonds -  Call price of the Bonds

The gain or loss on retirement = $111,100 -  $106,500

The gain on retirement = $4,600

Note: Par value will not be taken for the calculation of the above

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Answer:

The correct answer is: human resources.

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3 years ago
Hutter Corporation declared a $0.50 per share cash dividend on its common shares. The company has 30,000 shares authorized, 15,0
Natasha_Volkova [10]

Answer:

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Explanation:

Preparation of the journal entry to record the dividend declaration

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Dr Retained Earnings $6,000

Cr Common Dividends Payable $6,000

(12,000*$0.50)

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