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Find if century redeems the debentures must record

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Reference no: EM132695814

Problem 1: Century Ltd has outstanding debentures with a face value of $50,000. If Century redeems the debentures for $55,000 it must record:

Select one:

a. a loss of $50,000.
b. a gain of $55,000.
c. a gain of $5,000.
d. a loss of $5,000.

Reference no: EM132695814

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