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Business, 04.03.2021 20:30 paracordcms

The 10% bonds payable of Crane Company had a carrying amount of $4060000 on December 31, 2020. The bonds, which had a face value of $3900000, were issued at a premium to yield 8%. Crane uses the effective-interest method of amortization. Interest is paid on June 30 and December 31. On June 30, 2021, several years before their maturity, Crane retired the bonds at 104 plus accrued interest. The loss on retirement, ignoring taxes, is:.

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The 10% bonds payable of Crane Company had a carrying amount of $4060000 on December 31, 2020. The b...

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