At December 31, 2014 the following balances existed on the books of Rentro Corporation: If the bonds are retired on January 1, 2015, at 102, what will Rentro report as a loss on redemption?
A) $350,000
B) $472,500
C) $560,000
D) $644,000

Question

At December 31, 2014 the following balances existed on the books of Rentro Corporation:  If the bonds are retired on January 1, 2015, at 102, what will Rentro report as a loss on redemption?
A) $350,000 
B) $472,500 
C) $560,000 
D) $644,000

Quizplus · Accepted Answer

The Answer of At December 31, 2014 the following balances existed on the books of Rentro Corporation:  If the bonds are retired on January 1, 2015, at 102, what will Rentro report as a loss on redemption?
A) $350,000 
B) $472,500 
C) $560,000 
D) $644,000

At December 31, 2014 the Following Balances Existed on the Books