On January 1, 2019, Company X issued a 102 bond with a par value of...
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Accounting
On January 1, 2019, Company X issued a 102 bond with a par value of $500,000 due in 30 years. On December 31, 2024, the company called the entire issue and cancels it. They recorded a gain on redemption of $8,000. What was the reacquisition price
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