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16 q. I need answer ASAP! A $311,000 bond was redeemed at 103 when the carrying amount of the bond was $323,129. The entry to
16 q.
I need answer ASAP!
A $311,000 bond was redeemed at 103 when the carrying amount of the bond was $323,129. The entry to record the redemption would include a Oa. loss on bond redemption of $12,129. Ob. loss on bond redemption of $2,799. Oc. gain on bond redemption of $12,129. Od gain on bond redemption of $2,799Step by Step Solution
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