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    Principles of Financial Accounting Study Set 1
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    Exam 15: Non-Current Liabilities
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    A Gain on Redemption Is Recorded When the Cash Paid
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A Gain on Redemption Is Recorded When the Cash Paid

Question 59

Question 59

True/False

A gain on redemption is recorded when the cash paid is more than the amortized cost of the bond.

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