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Business, 16.11.2020 17:50 DarinKing2005

A $300,000 bond was redeemed at 104 when the carrying value of the bond was $316,000. The entry to record the redemption would include a:(a) loss on bond redemption of $3,000(b) gain on bond redemption of $3,000(c) gain on bond redemption of $4,000(d) loss on bond redemption of $4,000

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A $300,000 bond was redeemed at 104 when the carrying value of the bond was $316,000. The entry to r...
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