Business, 29.10.2020 17:40 shubbs1038a
A company called and redeemed a $500,000, 7% bond issue at 98. If the unamortized discount is $4,000, the entry will include a:
a. Debit to loss on bond retirement for $6,000
b. Credit to gain on bond retirement for $6,000
c. Debit to loss on bond retirement for $4,000
d. Credit to gain on bond retirement for $4,000
Answers: 2
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A company called and redeemed a $500,000, 7% bond issue at 98. If the unamortized discount is $4,000...
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