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    Corporate Financial Accounting Study Set 1
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    Exam 11: Liabilities: Bonds Payable
  5. Question
    Gains and Losses on the Redemption of Bonds Are Reported
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Gains and Losses on the Redemption of Bonds Are Reported

Question 68

Question 68

True/False

Gains and losses on the redemption of bonds are reported as other income (loss) on the income statement.

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