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    Principles of Accounting Study Set 1
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    Exam 14: Long Term Liabilities
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    If Bonds Are Retired by an Issuer by Purchase on the Open
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If Bonds Are Retired by an Issuer by Purchase on the Open

Question 29

Question 29

True/False

If bonds are retired by an issuer by purchase on the open market at a price below the bonds' carrying value,a loss will result.

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