Question: just answer, no need for explanation please and thx you :) $319,000 bond was redeemed at 103 when the carrying amount of the bond was
$319,000 bond was redeemed at 103 when the carrying amount of the bond was $331,441. The entry to record the redemption would include a Oa. gain on bond redemption of $12,441. Ob. loss on bond redemption of $12,441. Oc. loss on bond redemption of $2,871. Od. gain on bond redemption of $2,871
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
