Business, 03.11.2020 16:50, rindragon8231
Kant Corporation retires its $500,000 face value bonds at 102 on January 1, following the payment of interest. The carrying value of the bonds at the redemption date is $471,250. The entry to record the redemption will include a a. credit of $28,750 to Loss on Bond Redemption. b. credit of $28,750 to Discount on Bonds Payable. c. debit of $38,750 to Gain on Bond Redemption. d. debit of $10,000 to Premium on Bonds Payable.
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Kant Corporation retires its $500,000 face value bonds at 102 on January 1, following the payment of...
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