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At December 31, 2020 the following balances existed on the books of Vaughn Manufacturing: $5990000 Bonds Payable Discount on Bonds Payable Interest Payable 850000 155000
At December 31, 2020 the following balances existed on the books of Vaughn Manufacturing: $5990000 Bonds Payable Discount on Bonds Payable Interest Payable 850000 155000 If the bonds are retired on January 1, 2021, at 102, what will Vaughn report as a loss on redemption? $599000 O $814800 $969800 O $1124800
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