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Question - On March 31, one year before maturity, Citigroup retired $100000 of its 9% bonds payable at current market price of 101 (101% of bond face amount, or $10000*101=$101,000). The bond book value on Mar 31 is $98,000 reflecting an unamortized discount of $2000. Bond interest is currently fully paid and recorded up to the date of retirement. What is the gain or loss on retirement of these bonds? Show the effects of the redemption in the table.
What dollar amount of Power Department costs will be allocated to the Maintenance Department for September
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Texas, Inc., sold common stock for $560,000, Determine the amount of cash provided by or used for financing activities during the year
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Calculate the maturity value of a promissory note having a face amount of $3,200, an interest rate of 14%, and a term of 140 days. Assume 360 days in a year
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