Bonds Payable has a balance of $1,196,000 and Discount on Bonds Payable has a balance of $11,960. If the issuing corporation redeems the bonds at 97.5, what is the amount of gain or loss on redemption?

$17,940 gain.

Step-by-step explanation:

The corportation redeems the bond at 97.5.

100 - 97.5 = 2.5%

1,196,000 * 2.5% = 29,900.

29,900 - 11,960 = 17,940

$17,940 gain at redemption.

fa tha first one you gonna add y to both sides

it look like this

x-y+y=6+y

x=y+6

therefore your answer is

x =y+6

fa tha second one

you gonna flip tha equation

it gonna look like x-4y=y

then add 4 to both sides

it gonna look like tha

x-4 +4 =y +4

so therefore tha answer is x=y+4

step-by-step explanation: