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On January 1, 2019, Swen paid $184,000 for $200,000 of the 8%,20-year bonds of Penn Corporation, issued on January 1,2015 , at par. The bonds
On January 1, 2019, Swen paid $184,000 for $200,000 of the 8%,20-year bonds of Penn Corporation, issued on January 1,2015 , at par. The bonds are held as an investment. Read the requirement. (If an input field is not used in the table leave the input field empty; do not enter a zero. Use parentheses or a minus sign for a loss.) Determine the gain and the character of the gain if the bonds are sold on January 1, 2021, for a. $191,000 b. $185,750 c. $183,000 On January 1, 2019, Swen paid $184,000 for $200,000 of the 8%,20-year bonds of Penn Corporation, issued on January 1,2015 , at par. The bonds are held as an investment. Read the requirement. (If an input field is not used in the table leave the input field empty; do not enter a zero. Use parentheses or a minus sign for a loss.) Determine the gain and the character of the gain if the bonds are sold on January 1, 2021, for a. $191,000 b. $185,750 c. $183,000
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