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Bonds Payable has a balance of $5000000 and Discount on Bonds Payable has a balance of $150000 If the issuing corporation redeems the bonds at 98 is there a gain or loss on the bond redemption

Bonds Payable has a balance of $5,000,000 and Discount on Bonds Payable has a balance of $150,000. If the issuing corporation redeems the bonds at 98, is there a gain or loss on the bond redemption?

Mar 31 2020 View more View Less

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