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Multiple Choice Question 88 At December 31, 2017 the following balances existed on the books of Rentro Corporation: Bonds Payable Discount on Bonds Payable Interest

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Multiple Choice Question 88 At December 31, 2017 the following balances existed on the books of Rentro Corporation: Bonds Payable Discount on Bonds Payable Interest Payable $7000000 980000 168000 If the bonds are retired on January 1, 2018, at 102, what will Rentro report as a loss on redemption? $1120000 $1288000 $700000 $945000

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