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On January 1, 20x1, Pitchfork Company retired $350,000 of callable bonds at 102. At the time of redemption, the unamortized premium was $25,000. What amount

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On January 1, 20x1, Pitchfork Company retired $350,000 of callable bonds at 102. At the time of redemption, the unamortized premium was $25,000. What amount should Pitchfork record for the gain on retirement of the bond? $18,000 Gain $7,000 Gain $25,000 Gain 0 $0 Gain

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