BUSINESS ADMINISTRATION
FINANCIAL ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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When bonds are sold, the gain or loss on sale is thedifference between the:
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sales price and the cost of the bonds.
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net proceeds and the cost of the bonds.
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sales price and the market value of the bonds.
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net proceeds and the market value of the bonds.
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Explanation:
Detailed explanation-1: -When bonds are sold, the gain or loss on sale is the difference between the: net proceeds and the cost of the bonds. sales price and the cost of the bonds.
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