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On July 1, 2014, Miniature Company has bonds with balances as shown below. Bonds Payable Premium on Bonds Paybale 65,0000 3,250 If the company retires
- On July 1, 2014, Miniature Company has bonds with balances as shown below.
Bonds Payable Premium on Bonds Paybale
65,0000 3,250
- If the company retires the bonds for $66,150, what will be the effect on the income statement?
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