At December 31, 2011 the following balances were reported on the statement of financial position of Yang Corporation: The bonds have a face amount of ¥1,500,000,000.If the bonds are retired on January 1, 2012 at 101, what amount of gain or loss will Yang report on the redemption?

Question

At December 31, 2011 the following balances were reported on the statement of financial position of Yang Corporation:  The bonds have a face amount of ¥1,500,000,000.If the bonds are retired on January 1, 2012 at 101, what amount of gain or loss will Yang report on the redemption?

Quizplus · Accepted Answer

The Answer of At December 31, 2011 the following balances were reported on the statement of financial position of Yang Corporation:  The bonds have a face amount of ¥1,500,000,000.If the bonds are retired on January 1, 2012 at 101, what amount of gain or loss will Yang report on the redemption?

At December 31, 2011 the Following Balances Were Reported on the Statement