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Which of the items related to bonds would be added back

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Reference no: EM132645992

Problem 1: On 6/30/12, a company paid $106,000 to retire a bond before maturity. The company recorded a $6,000 loss as part of the transaction. Which of the following must be true regarding this transaction? (check all that apply)

Option 1: The market interest rate had decreased since the bond was issued

Option 2: The face value of the bond was $106,000

Option 3: The company paid more than the current fair value of the bond to retire it.

Option 4: The face value of the bond was $100,000

Option 5: The market interest rate had increased since the bond was issued

Problem 2: Which of these items related to bonds would be added back in the Operating section of the SCF under the indirect method? (check all that apply)

Option 1: Loss on bond retirement

Option 2: Amortization of bond discount

Option 3: Gain on bond retirement

Option 4: Amortization of bond premium

Option 5: Unrealized loss on bonds under the fair value option

Reference no: EM132645992

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