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ent Multiple Choice Question 49 Sheffield Company acquires 61,9%, 5 year, $1000 Community bonds on January 1, 2017 for $61000. If Sheffield sells all of

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ent Multiple Choice Question 49 Sheffield Company acquires 61,9%, 5 year, $1000 Community bonds on January 1, 2017 for $61000. If Sheffield sells all of its community bonds for $65300, what gain or loss is recognized? Gain of $9790 Gain of $4300 Loss of $9790 Loss of $4300 O Click if you would like to Show Work for this question: Open Show Work udy

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