Bonds payable has a balance of 3500000 and discount on


Bonds Payable has a balance of $3,500,000 and Discount on Bonds Payable has a balance of $125,000. If the issuing corporation redeems the bonds at 97, is there a gain or loss on the bond redemption?

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Cost Accounting: Bonds payable has a balance of 3500000 and discount on
Reference No:- TGS0777621

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