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On February 1, 2020, Pat Weaver Inc. (PWI) issued 11%, $1,800,000 bonds for $2,100,000. PWI retired all of these bonds on Jan
Multiple Choice o $131,400 gain. O sogon O $231,000 gain. o $198,000 gain
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Answer #1

Computation of brain or loss on retirement: particulars Amount ($) Book value of Bonds ($18,00,000 + 185400) = 1985400 Less p

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On February 1, 2020, Pat Weaver Inc. (PWI) issued 11%, $1,800,000 bonds for $2,100,000. PWI retired...
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