Answer:
Option (A) is correct.
Explanation:
Given that,
Amount paid to retire a note = $75,000
Face value of a note = $83,000
Coupon rate = 8% (Paid semi-annually)
Net book value of a note = $68,200
The net gain or loss on the redemption of the note is determined by the difference between the net book value of the note and the amount paid to retire the note. A negative amount indicates that there is a loss on the redemption and a positive amount indicates that there is a gain on the redemption.
Net gain or loss:
= Net book value of a note - Amount paid to retire a note
= $68,200 - $75,000
= -$6,800
Therefore, there is a net loss of $6,800 on the redemption of the note.
Answer: The authorization of funds for the museum is an example of an earmark.
Explanation:
Earmarking is the act of setting aside particular fund for a specific purpose.
In the United States, earmarks are directive from the Congress that funds should be allocated and spent on certain projects.
For example, one can say the prime minister has earmarked three billion dollars for the construction of new hospitals. The expenditure on the funding of the public art museum is an earmark.
Answer:
the answer is D have a good day
Explanation:
