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9. At December 31, 2017 the following balances existed on the books of Foxworth Corporation: Bonds Payable $6,000,000 Discount on Bonds Payable 690,000 If the

9. At December 31, 2017 the following balances existed on the books of Foxworth Corporation: Bonds Payable $6,000,000 Discount on Bonds Payable 690,000

If the bonds are retired on January 1, 2018, at 95, what will Foxworth report as a loss on redemption?

a. $690,000

b. $460,000

c. $390,000

d. $300,000

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