When bonds are sold the gain or loss on sale is the difference between the

A) sales price and the cost of the bonds.
B) net proceeds and the cost of the bonds.
C) sales price and the market value of the bonds.
D) net proceeds and the market value of the bonds.

Gain or Loss

Gain or loss refers to the financial result from the sale of a capital asset, where a gain occurs if the sale price exceeds the purchase cost, and a loss occurs if the sale price is below the purchase cost.

Sales Price

The amount of money that a buyer pays to purchase a product or service.

Net Proceeds

Net Proceeds refer to the amount of money received from a sale or transaction after all fees, expenses, and costs have been deducted.