A $200,000 bond issue with a carrying value of $206,000 is called at 101 and retired. The entry to record the retirement of bonds is:
A) Bonds Payable 202,000 Loss on Retirementof Bonds 4,000Cash 206,000
B) Bonds Payable 200,000 Unamortized BondPremium 6,000Cash 202,000Gain on Retirementof Bonds 4,000
C) Bonds Payable 200,000 Loss on Retirementof Bonds 6,000Cash 206,000
D) Bonds Payable 206,000 Cash 206,000
B
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Product costs, such as direct materials, are expensed in the period they are paid
Indicate whether the statement is true or false
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A real estate agent sold a minority buyer a house in a predominately white neighborhood. Would this be a violation of the Fair Housing Law?
A. Yes, this would be steering. B. Yes, this would be blockbusting. C. No, the agent fulfilled their brokerage duties. D. No, providing the house was owner occupied.
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