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How to make the entry for it Ch 10: Liabilities (14 of 19) TIME SPENT 00:11:04 Q Q 10.14: If bonds with a face value

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Ch 10: Liabilities (14 of 19) TIME SPENT 00:11:04 Q Q 10.14: If bonds with a face value of $500,000 and a carrying value of $476,000 were redeemed at 97, how Per much gain or loss should be recognized? A) $9,000 loss B $24,000 gain Ea Al C) $24,000 loss D $15,000 gain Confidence lE SUBMIT

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