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Sandhill company acquires 90 Dodds 10%, 5 year, $1000 bonds on January 1, 2021 for $90000. Assume dodds pays interest annually on Jan 1. If
Sandhill company acquires 90 Dodds 10%, 5 year, $1000 bonds on January 1, 2021 for $90000. Assume dodds pays interest annually on Jan 1. If mazzeo sells all of its Dodds bond for $88200 what gain or loss is recognized? Choices: Loss of $10800 Loss of $1800 Gain of $10800 Gain of $1800
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