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A $287,000 bond was redeemed at 104 when the carrying value of the bond was $345,000. The entry to record the redemption would include a
A $287,000 bond was redeemed at 104 when the carrying value of the bond was $345,000. The entry to record the redemption would include a
a.gain on bond redemption of $46,520.
b.loss on bond redemption of $46,520.
c.loss on bond redemption of $58,000.
d.gain on bond redemption of $58,000.
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Authors: Shabnam Fazli Aghghaleh, Zakiah Mohammadun Mohammed, Azlina Ahmad
1st Edition
