Which of the following is not an accurate statement regarding the retirement of debt? (a) when debt is retired on the maturity date, the book value is always equal to the market value.(b) the gain or loss on the extinguishment of debt is categorized on the income statement as part of continuing operations.(c) when debt is retired before the maturity date, a loss occurs if the market rate of interest increased subsequent to the issue of the bond.(d) when debt is retired before the maturity date, a gain occurs if the market rate of interest increased subsequent to the issue of the bond.

What is a sort of auction for stocks in which traders verbally submit their offers?

Compare the sources of consumer credit(there's not just one answer)1. consumers use a prearranged loan using special checks2. consumers use cards with no interest and non -revolving balances3. consumers pay off debt and credit is automatically renewed4. consumers take out a loan with a repayment date and have a specific purposea. travel and entertainment creditb. revolving check creditc. closed-end creditd. revolving credit

Jacob is a member of wcc (an llc taxed as a partnership). jacob was allocated $155,000 of business income from wcc for the year. jacob’s marginal income tax rate is 37 percent. the business allocation is subject to 2.9 percent of self-employment tax and 0.9 percent additional medicare tax. (round your intermediate calculations to the nearest whole dollar a) what is the amount of tax jacob will owe on the income allocation if the income is not qualified business income? b) what is the amount of tax jacob will owe on the income allocation if the income is qualified business income (qbi) and jacob qualifies for the full qbi duduction?