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On January 1, 2020, Pummel Inc. lesand $475,000 of 12 percent, five year benda payable i 105. Pmmet hem esta cath want to retire al
On January 1, 2020, Pummel Inc. lesand $475,000 of 12 percent, five year benda payable i 105. Pmmet hem esta cath want to retire al o tre tentos parati con Lanuary 1, 201, imenkul afer taking the second semiannual interest payment. Punime the line method of maten to retire the bonds Plumer pays the market price a. What is Purmer's carrying amount of the bonds payable on the returnen? b. How much cash Plumer pay to retire the bonds payable? c. Compute Purmer's gain or loss on the refroment of the bonds payable a. What is Plummer's carrying amount of the bonds payable on the retirement date? The carrying amount of the bonds payable on the retirement date in . How much cash munt Plummer pay to retire the bonds payable? To retine the bonds Plummer must pay $ c. Computo Plummer's gain or loss on the retirement of the bonds payatie. Plummer on the retirement of the bonds payable is
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