Question
24.A $100,000 bond was retired at 96 when the carrying amount of the bond was $105,000. The entry to record the retirement would include a:
24.A $100,000 bond was retired at 96 when the carrying amount of the bond was $105,000. The entry to record the retirement would include a:
-gain on bond redemption of $4,000.
-loss on bond redemption of $8,000.
-loss on bond redemption of $4,000.
-gain on bond redemption of $9,000.
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Introductory Business Statistics
Authors: Alexander Holmes , Barbara Illowsky , Susan Dean
1st Edition
1506699847, 9781506699844
