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Question 5 Swifty Corporation retires its $640000 face value bonds at 104 on January 1, following the payment of annual interest. The carrying value of

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Question 5 Swifty Corporation retires its $640000 face value bonds at 104 on January 1, following the payment of annual interest. The carrying value of the bonds at the redemption date is $663968. The entry to record the redemption will include a O debit of $1632 to Loss on Bond Redemption O debit of $25600 to Premium on Bonds Payable. O credit of $25632 to Premium on Bonds Payable. O credit of $1632 to Loss on Bond Redemption. Click if you would By accessing this Question Acsistance, you will learn while you ean points based on the Point Potential Policy set by your instructor Question Attempts: 0 of 5 used SAVE FOR LATE Earn Maximum Points available anly if you correctly in four attempts or less

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