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The 14% bonds payable of Waterway Industries had a carrying amount of $4300000 on December 31, 2017. face value of $4140000, were issued at a

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The 14% bonds payable of Waterway Industries had a carrying amount of $4300000 on December 31, 2017. face value of $4140000, were issued at a premium to yield 12%, waterway uses the effective-interest method of amortization. Interest is paid on June 30 and December 31. On accrued interest. The loss on retirement, ignoring taxes, is The bonds, which had a June 30, 2018, several years before their maturity, Waterway retired the bonds at 104 plus $0 $165600. $37400. $55000

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