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E15-8 Presented below are three independent situations. 1. Longbine Corporation redeemed $130,000 face value, 12% bonds on June 30, 2017, at 102. The carrying value

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E15-8 Presented below are three independent situations. 1. Longbine Corporation redeemed $130,000 face value, 12% bonds on June 30, 2017, at 102. The carrying value of the bonds at the redemption date was $117,500. The bonds pay annual interest, and the interest payment due on June 30, 2017, has been made and recorded

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