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on January 1, 2018, Doty Co. redeemed its 10-year bonds of $4,000,000 par value for 103. They were originally issued on January 1, 2006 at
- on January 1, 2018, Doty Co. redeemed its 10-year bonds of $4,000,000 par value for 103. They were originally issued on January 1, 2006 at 95 with a maturity date of January 1, 2016. Doty amortizes discounts and premiums using the straight-line method.
- What amount of loss should Doty recognize on the redemption of these bonds (ignore taxes)?
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Financial Accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
7th Edition
978-0470477151, 978-0-470-5562, 470556242, 0-470-55624-2, 9780470556245, 978-0470507018
