[Solved] 13. A $500,000 bond is retired at 97 when

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13. A $500,000 bond is retired at 97 when the carrying amount of the bond is $480,000. The entry to record the retirement would include

13. A $500,000 bond is retired at 97 when the carrying amount of the bond is $480,000. The entry to record the retirement would include a: A. $20,000 loss. B. $15,000 gain. Q $5,000 loss. D. $2,000 gain

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