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Fresh delight foods has a $100,000 bond outstanding with an unamortized discount of $5,679. The company has decided to retire the bonds for a
Fresh delight foods has a $100,000 bond outstanding with an unamortized discount of $5,679. The company has decided to retire the bonds for a cost of $102,000. The journal entry to record the retirement of the banks will include which of the following? Multiple Choice Loss on redemption of bonds. $5,679 Loss on redemption of bonds, $7,679 O Gain on redemption of bonds, $5,679
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby
5th edition
78025915, 978-1259115400, 1259115402, 978-0078025914
