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At December 31, 2020 the following balances existed on the books of Foxworth Corporation: Bonds Payable = $6,000,000 Discount on Bonds Payable = $840,000 Interest

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At December 31, 2020 the following balances existed on the books of Foxworth Corporation: Bonds Payable = $6,000,000 Discount on Bonds Payable = $840,000 Interest Payable = $150,000 If the bonds are retired on January 1, 2021, at 96 plus the accrued interest payable, what will Foxworth report as a loss on redemption? Select one: A. $600,000 B. $960,000 C. $810,000 D. $1,110,000

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