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Unformatted text preview: 102% Redemption Price 40,800,000 Carrying Value, December 31, 2009 39,650,000 Redemption Price 40,800,000 Gain (Loss) from Redemption (1,150,000) Balance Sheet Assets = Liabilities + Equity Net Profit = Cash Bonds Payable Loss from Redemp Loss from Redemp-40,800,000-40,000,000-1,150,000-1,150,000 Discount on BP-350,000 Income Statement Income - Expense Loss from Redemp-1,150,000...
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