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On June 30, 2018 K Co had outstanding 10%, $13,000,000 face value bonds maturing on June 30, 2023 Interest is payable semi ly everyone and

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On June 30, 2018 K Co had outstanding 10%, $13,000,000 face value bonds maturing on June 30, 2023 Interest is payable semi ly everyone and December 31 on June 2018, after amortization was recorded for the period, the unamortized bond premium was $63,000. On that date. Kacqured all its outstanding bonds on the open market at 99 and retired them. At June 30, 2018 what amount should K Co. recognize as gain on redemption of bonds before income taxes? Multiple Choice O $322,000 O $67.000 $190.000 O $126.000

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