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Question 35 of 40 < > View Policies -/1 Current Attempt in Progress Bramble Corp. retires its $720000 face value bonds at 103 on
Question 35 of 40 < > View Policies -/1 Current Attempt in Progress Bramble Corp. retires its $720000 face value bonds at 103 on January 1, following the payment of interest. The carrying value of the bonds at the redemption date is $693000. The entry to record the redemption will include a debit of $21600 to Premium on Bonds Payable. O debit of $48600 to Gain on Bond Redemption. O credit of $27000 to Discount on Bonds Payable. O credit of $27000 to Loss on Bond Redemption. Save for Later Attempts: 0 of 1 used Submit Answer
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