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Question 3 The balance sheet of Company A as of December 31, 2022 included 8% bonds having a face value of $70 million. The
Question 3 The balance sheet of Company A as of December 31, 2022 included 8% bonds having a face value of $70 million. The bonds had been issued in 2018 and had a remaining discount of $2.5 million at December 31, 2022. On January 1, 2023, Company A called the bonds before their scheduled maturity at the call price of 97 When recording the bond redemption, Company A will record a O Again of $202,500 OB loss of $400,000 Oc. loss of $325,000 OD gain of $460,000
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