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Business, 31.03.2020 03:02 cinderalla16dh

Card Corp. purchased bonds at a discount of $49,000, and accounted for the bonds as held to maturity. Subsequently, Card sold these bonds at a premium of $12,000. During the period that Card held this investment, amortization of the discount amounted to $19,000. What amount should Card report as gain on the sale of bonds?

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Card Corp. purchased bonds at a discount of $49,000, and accounted for the bonds as held to maturity...
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