The December 31, 2020, balance sheet of Bramble Corp. includes the following items: 9% bonds payable due
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The December 31, 2020, balance sheet of Bramble Corp. includes the following items: 9% bonds payable due December 31, 2029 $5450000 Unamortized premium on bonds payable 147150 The bonds were issued on December 31, 2019, at 103, with interest payable on July 1 and December 31 of each year. Bramble uses straight-line amortization. On March 1, 2021, Bramble retired $2180000 of these bonds at 98 plus accrued interest. What should Bramble record as a gain on retirement of these bonds? Ignore taxes.
$107789.
$64189.
$119900.
$101370.
Related Book For
Accounting Principles Volume 1
ISBN: 978-1119502425
8th Canadian Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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