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worty [1.4K]
3 years ago
9

On June 30, Year 7, King Co. had outstanding 9%, $5,000,000 face value bonds maturing on June 30, Year 9. Interest was payable s

emiannually every June 30 and December 31. On June 30, Year 7, after amortization was recorded for the period, the unamortized bond premium was $30,000. On that date, King acquired all its outstanding bonds on the open market at 93 and retired them. At June 30, Year 7, what amount should King recognize as gain before income taxes on redemption of bonds

Business
1 answer:
viva [34]3 years ago
4 0

Answer:

The gain before income taxes on redemption bond is $80,00

Explanation:

Please check the file attached below to see the solution to given question. Thank you

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separating a company's products and services into different categories that represent its business portfolio.

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Mignon d'Armitage manufactures jewelry. This firm is planning to introduce a new necklace and is trying to determine how many un
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4,000 units

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The formula to compute the break even point is shown below:

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3 years ago
What is investment firms?
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3 years ago
If companies want to encourage people to stay in the workforce as they age, they can create jobs that involve more use of ______
natta225 [31]

If companies want to encourage people to stay in the workforce as they age, they can create jobs that involve more use of labor and less use of younger.

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1 year ago
Schiller Company has unit costs of $2 for materials and $6 for conversion costs. There are 5,600 units in ending work in process
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Answer:

$19,600

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7 0
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