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Spokane Company called in bonds at a price that was above the carrying value of the bond liability. Which of the following shows how this
Spokane Company called in bonds at a price that was above the carrying value of the bond liability. Which of the following shows how this event will affect the elements of the financial statements? 1 Li Revenue or Gain N A Expense or Loss NAN = = - + | LA | B c. D. ets + - - - + - - - Stk. Equity + NA - + - + NA Stmt. of Net Inc. | Cash Flows NA +FA -IA - -FA - -FA = = NA NA A - - + + = = N Multiple Choice Option A Option B Option Option D
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