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Business, 28.08.2019 01:10, anonymous12443535
On february 1, 2015, davis corporation issued 12%, $1,000,000 par, 10-year bonds for $1,117,000. davis reacquired all of these bonds at 102% of par, plus accrued interest, on may 1, 2018, and retired them. the unamortized bond premium on that date was $78,000. required: before income taxes, what was davis’s gain or loss on the bond extinguishment?
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On february 1, 2015, davis corporation issued 12%, $1,000,000 par, 10-year bonds for $1,117,000. dav...
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