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Complete number 13. 13. On June 30th, one year before maturity,...

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Accounting

Complete number 13. image
13. On June 30th, one year before maturity, Bava Industries retired $495,000 of 8% bonds at a cost of 96 The bond's had a net book value on June 30th of $457,500. Bond interest is presently paid up to the date of retirement. What is the gain or loss on the retirement of these bonds

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