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    Principles of Financial Accounting Study Set 1
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    Exam 18: Investments
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    If a Debt Instrument Is Sold Before Maturity, Then a Gain
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If a Debt Instrument Is Sold Before Maturity, Then a Gain

Question 38

Question 38

True/False

If a debt instrument is sold before maturity, then a gain is recorded if the cash received is less than the carrying amount of the instruments.

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