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corporation paid $104,000 to retire bonds with a face value of $100,000 and an unamortized premium balance of $3000. The entry to record the early retirement of the bonds will include the recognition of a loss of: 1. 7000 2. 4000 3. 1000 4. 3000
Weegy: A corporation paid $104,000 to retire bonds with a face value of $100,000 and an unamortized premium balance of $3,000. The entry to record the early retirement of the bonds will include the recognition of a loss of: The answer is 3.$1,000. [ ] (More)
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Asked 358 days ago|7/31/2013 3:16:27 PM
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which of the following is not a disadvantage of raising capital through the issue of bonds payable? a. the bonds are clssified as a long term liability b. interest must be paid even if the firm suffers a loss c. the face amount must be repaid at maturity d. interest is deductible for income tax purposes
Weegy: Interest is deductible for income tax purposes-is not a disadvantage of raising capital through the issue of bonds payable (More)
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Asked 358 days ago|7/31/2013 3:20:25 PM
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