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for bonds of similar risk and maturity is 12%. The bonds mature in ten years. The market interest rate to unforeseen circumstances the company decided

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for bonds of similar risk and maturity is 12%. The bonds mature in ten years. The market interest rate to unforeseen circumstances the company decided to sell its debt imvestment for ss5o, inc. Due January 1, 2026, at which time the bonds have an amortized cost of $580,000. record the sale would include a: a. Credit to cash for $550,000 b. Credit to discount on bond investment for $20,000 c. Credit to investment in bonds for $600,000 d. Debit to gain on sale of investment for $30,000

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