Answer:
B. Luxurious facilities
Explanation:
As retailing companies grow, they begin to create new businesses, sometimes, offering a greater range or acquiring more expensive facilities (luxurious facilities), but this could cause them to lose the main drive that brought them into the market in the first place.
Unfortunately, they then become vulnerable to fast rising discounters and lower cost structures which eventually takes their place along the wheel.
C is the correct answer to the question.
Answer:
c.$7,424 gain
Explanation:
Book value of bonds payable:
Par value of bonds payable $928,000
Less: Discount on bonds payable $11,136
Book value of bondds payable $916864
Redemption value of bonds ($928,000*98%) $909440
Gain on Redemption of bonds $7424
Therefore, The amount of gain or loss on redemption is $7424.