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Business, 20.03.2020 02:14 kuehlthau03
On March 1, Year 1, Somar Co. issued 20-year bonds at a discount. By September 1, Year 6, the bonds were quoted at 106 when Somar exercised its right to retire the bonds at 105. How should Somar report the bond retirement on its Year 6 income statement
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On March 1, Year 1, Somar Co. issued 20-year bonds at a discount. By September 1, Year 6, the bonds...
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