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Business, 03.09.2019 03:10 leo4687

On july 31 of the current year, dome co. issued $1,000,000 of 10%, 15-year bonds at par and used a por­tion of the proceeds to call its 600 outstanding 11%, $1,000 face value bonds, due in ten years on july 31, at 102. on that date, unamortized bond premium relating to the 11% bonds was $65,000. in its year-end income statement, what amount should dome report as gain or loss, before income taxes, from retirement of bonds?

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On july 31 of the current year, dome co. issued $1,000,000 of 10%, 15-year bonds at par and used a p...
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