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Business, 15.11.2019 07:31, cynthiauzoma367
Hoffman corporation retires its bonds at 106 on january 1, following the payment of semiannual interest. the face value of the bonds is $400,000. the carrying value of the bonds at the redemption date is $419,800. the entry to record the redemption will include aa. debit of $24,000 to premium on bonds payable. b. credit of $4,200 to gain on bond redemption. c. debit of $19,800 to premium on bonds payable. d. credit of $19,800 to loss on bond redemption.
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Hoffman corporation retires its bonds at 106 on january 1, following the payment of semiannual inter...
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