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Nickel Inc. bought $700,000 of 3-year, 8% bonds as an investment on December 31, 2020 for $756,000. The investment recei
Posted: Sun Jul 03, 2022 1:07 pm
by answerhappygod
- Nickel Inc Bought 700 000 Of 3 Year 8 Bonds As An Investment On December 31 2020 For 756 000 The Investment Recei 1 (20.03 KiB) Viewed 10 times
Nickel Inc. bought $700,000 of 3-year, 8% bonds as an investment on December 31, 2020 for $756,000. The investment receives interest annually and Nickel uses straight-line amortization. On May 1, 2021, the issuer retired $140,000 of the bonds at 114. As a result of the retirement, Nickel will report a: (Do not round intermediate calculations and round your final answer to nearest whole dollar.) Multiple Choice O $28,000 gain. $9,644 gain, $155,867 loss. $28,000 loss