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* Your answer is incorrect. Ivanhoe Corporation retires its $360000 face value bonds at 101 on January 1, following the payment of interest. The carrying
* Your answer is incorrect. Ivanhoe Corporation retires its $360000 face value bonds at 101 on January 1, following the payment of interest. The carrying value of the bonds at the redemption date is $346500. Ivanhoe's entry to record the redemption will include a debit of $17100 to Gain on Bond Redemption. credit of $13500 to Loss on Bond Redemption. credit of $13500 to Discount on Bonds Payable. debit of $3600 to Premium on Bonds Payable
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Financial Services And Markets
Authors: Dr. Punithavathy Pandian
8125931201, 978-8125931201
