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20-12-2022
Business

Answered

on february 1, 2023, pat weaver incorporated (pwi) issued 9%, $1,300,000 bonds for $1,600,000. pwi retired all of these bonds on january 1, 2024, at 102. unamortized bond premium on that date was $132,600. how much gain or loss should be recognized on this bond retirement?

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