A $600000 Bond Was Retired at 102 When the Carrying

question 14

Multiple Choice

A $600000 bond was retired at 102 when the carrying value of the bond was $622000. The entry to record the retirement would include a

• A) gain on bond redemption of $12000.
• B) loss on bond redemption of $10000.
• C) loss on bond redemption of $12000.
• D) gain on bond redemption of $10000.

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