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92. On June 30, one year before maturity, Water Shoes, Inc. retired $400,000 of its 10% bonds payable at 96. The bond's book value on

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92. On June 30, one year before maturity, Water Shoes, Inc. retired $400,000 of its 10% bonds payable at 96. The bond's book value on June 30 is $330,000. Bond interest is presently paid up to the date of retirement. How much is the gain or loss on the retirement of these bonds

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