Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby

تمرين 10

A bond is issued at a price of 103 and retired early at a price of 97. Which of the following is true
A) A gain will be reported on the income statement when the bond is issued.
B) A loss will be reported on the income statement when the bond is issued.
C) A gain will be reported on the income statement when the bond is retired.
D) A loss will be reported on the income statement when the bond is retired.