On January 1 , 2 0 1 5 , Swifty Corporation issued $ 1 9 8 9
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On January Swifty Corporation issued $ of tenyear bonds at The bonds are callable at the option of Swifty at Swifty has recorded amortization of the bond premium on the straightline method which was not materially different from the effectiveinterest method
On December when the fair value of the bonds was Swifty repurchased $ of the bonds in the open market at Swifty has recorded interest and amortization for Ignoring income taxes and assuming that the gain is material, Swifty should report this reacquisition as ?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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