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What the amount of bond liability removed from the accounts

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Reference no: EM132885527

Problem 1: A 10-year bond issued at a premium has an existing call provision to retire the bond. When the issuer exercised the call provision on an interest date, the call price exceeded the carrying amount of the bond. The amount of bond liability removed from the accounts should have equaled the

Group of answer choices

Option 1: face amount plus unamortized premium.

Option 2: current market price.

Option 3: call price plus unamortized premium.

Option 4: cash paid.

Reference no: EM132885527

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