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Multiple Choice $7,200 gain. $13,400 gain. $6,200 gain. $6,200 loss. $7,200 loss Chang Industries has bonds outstanding with a par value of $220,800 and a
Chang Industries has bonds outstanding with a par value of $220,800 and a carrying value of $234,200. If the company calls these bonds at a price of $227,000, the gain or loss on retirement is: Multiple Choice O O O O O $7,200 $13,400 gain. $6,200 gain. $6,200 loss. $7,200 loss.
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Financial Accounting And Reporting
Authors: Barry Elliott, Jamie Elliott
13th Edition
0273730045, 978-0273730040
