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Proceeds from the sale of bonds represent a.the amount compared to the book (cost) value of the bonds to determine the gain or loss on

"Proceeds" from the sale of bonds represent

a.the amount compared to the book (cost) value of the bonds to determine the gain or loss on the sale.

b.the face amount of the bond times the quoted sale percentage.

c.the amount of the debit to Cash in the journal entry recording the sale.

d.All of these choices are correct.

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