申論題

五、Presented below are two independent situations:

(a) Howell Corporation purchased $700,000 of its bonds on June 30, 2014, at 102 and immediately retired them. The carrying value of the bonds on the retirement date was $679,000. The bonds pay semiannual interest and the interest payment due on June 30, 2014, has been made and recorde(D) (5%)