Use the present value and future value tables included in Appendix 8 and on the textbook companion website.
- The entry to record a bond retirement at maturity usually involves

Question

Use the present value and future value tables included in Appendix 8 and on the textbook companion website. 
- The entry to record a bond retirement at maturity usually involves

Quizplus · Accepted Answer

When a bond is retired at maturity, there is no gain or loss to be recognized. The bond was issued at a certain amount and redeemed at the same amount, resulting in no gain or loss. Therefore, the correct answer is A.

Use the Present Value and Future Value Tables Included in Appendix