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A ten-year bond was issued in 2023 at a discount with a call provision to retire the bonds. When the bond issuer exercised the
A ten-year bond was issued in 2023 at a discount with a call provision to retire the bonds. When the bond issuer exercised the call provision on an interest date in 2025, the carrying amount of the bond was less than the call price. The amount of bond liability removed from the accounts in 2025 should have equaled the
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Intermediate Accounting Reporting and Analysis
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
2nd edition
9781305727557, 1285453824, 9781337116619, 130572755X, 978-1285453828
