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On January 1, 20X1, Hilton-top Hotels issued the following bond payable, interest payment is due annually on December 31. Par value of the bond
On January 1, 20X1, Hilton-top Hotels issued the following bond payable, interest payment is due annually on December 31. Par value of the bond 400,000 Coupon rate Issue price 5.35% Term Cost to retire 386,000 10 412,000 Assuming the bond was fully retired on December 31, 20X4, what is the gain (loss) on retirement of the bond? Multiple Choice (21,327) (171,830) (14,000) 12,000 22,669
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Financial Reporting and Analysis Using Financial Accounting Information
Authors: Charles H. Gibson
13th edition
1285401603, 1133188796, 9781285401607, 978-1133188797
