2 Question 2 1 points Save Answer During 2015, Dana Co...
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Question 2 1 points Save Answer During 2015, Dana Co purchased 4,000,000,9% bonds. The carrying value of the bonds on July 1, 2019, was 53,700,000. The bonds pay interest on January 1 and July 1. Dana sells the bonds on July 1, 2019, for $3.650,000, after the interest has been received. Dana uses effective interest amortization (10% effective interest rate) The gain on the sale is O A $350,000 Loss B. $300,000 Gain OC $50,000 Gain OD $50,000 Loss
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