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Concord Company acquires 53,8%,5 year, $1000 Community bonds on January 1,2020...

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Accounting

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Concord Company acquires 53,8%,5 year, $1000 Community bonds on January 1,2020 for $53000. If Concord sells all of its Community bonds for $57100, what gain or loss is recognized? Loss of $8340 Loss of $4100 Gain of $8340 Gain of $4100

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