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A $200,000,8% Bond Issue Was Sold at Face Value and Later

Question 49

Multiple Choice

A $200,000,8% bond issue was sold at face value and later redeemed at 104.The corporation would have a:

A) gain of $20,000.
B) loss of $20,000.
C) gain of $8,000.
D) loss of $8,000.

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