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Find how much is the gain or loss on retirement of the bond

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Problem 1: Apple owns 80% of Pear, Apple had a bond payable outstanding on January 1, 2010 with a book value of $212,000. Pear purchases the bond in the open market for 199,000. How much is the gain or loss on retirement of the bond (show your calculation)

Reference no: EM133003986

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