A gain or loss is recorded on bonds retired at maturity.No gain or loss is recorded on bonds retired at maturity,as the carrying value at maturity is equal to the face amount of the bond.

Question

Quizplus · Accepted Answer

No gain or loss is recorded on bonds retired at maturity because the carrying value of the bonds at that time equals their face value, meaning they are paid off at the amount initially agreed upon.

A Gain or Loss Is Recorded on Bonds Retired at Maturity.No