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    Business
  3. Study Set
    Corporate Financial Accounting
  4. Exam
    Exam 12: Long-Term Liabilities: Bonds and Notes
  5. Question
    When Callable Bonds Are Redeemed Below Carrying Value
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When Callable Bonds Are Redeemed Below Carrying Value

Question 2

Question 2

Multiple Choice

When callable bonds are redeemed below carrying value


A) gain on redemption of bonds is credited
B) loss on redemption of bonds is debited
C) retained earnings is credited
D) retained earnings is debited

Correct Answer:

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