Multiple Choice
Chang Company retired bonds with a face amount of ¥60,000,000 at 98 when the carrying value of the bond was ¥59,780,000. The entry to record the retirement would include a
A) gain on bond redemption of ¥980,000.
B) loss on bond redemption of ¥980,000.
C) loss on bond redemption of ¥1,200,000.
D) gain on bond redemption of ¥1,420,000.
Correct Answer:
Verified
Correct Answer:
Verified
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