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Business, 06.05.2020 00:07 cduckworth7558

On January 1, 2018, Plummer Company issued $250,000 of 4%, five-year bonds payable at 102. Plummer Company has extra cash and wishes to retire the bonds payable on January 1, 2019, immediately after making the second semiannual interest payment. To retire the bonds, Plummer pays the market price of 90.1.What is Plummer Company's carrying amount of the bonds payable on the retirement date?2.How much cash must Plummer Company pay to retire the bondspayable?3.Compute Plummer Company's gain or loss on the retirement of the bonds payable.

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On January 1, 2018, Plummer Company issued $250,000 of 4%, five-year bonds payable at 102. Plummer C...
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