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Beck Corp. purchased bonds at a discount of $15,000. Subsequently, Beck sold these bonds at a premium of $10,000. During the period that Beck held
Beck Corp. purchased bonds at a discount of $15,000. Subsequently, Beck sold these bonds at a premium of $10,000. During the period that Beck held this investment, amortization of the discount amounted to $4,000. What amount should Beck report as gain on the sale of bonds?
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