Redemption Value of Bond | ||
=$313000/100*104 | ||
=$325520 | ||
Carrying Value Of Bond =$359000 | ||
Therefore Gain on redemption | ||
=$359000-325520 | ||
=$33480 (gain) | ||
Therefore | ||
Correct Option: LAST | ||
Please upvote. | ||
A $313,000 bond was redeemed at 104 when the carrying value of the bond was $359,000....
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