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Wildhorse co. received proceeds of $609000 on 10-year, 9% bonds issued on january 1, 2019. the bonds had a face value of $58, pay interest annually on december 31, and have a call price of 102. wildhorse uses the straight-line method of amortization. wildhorse co. decided to call the bonds on january 1, 2021. what amount of gain or loss would wildhorse report on their 2021 income statement?
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Wildhorse co. received proceeds of $609000 on 10-year, 9% bonds issued on january 1, 2019. the bonds...
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