Tempest Co. purchased 60 6% Urich Company bonds for $60000 cash. Interest is payable annually on January 1. If 30 of the securities are sold on January 1 for $32000 the entry would include a credit to Gain on Sale of Debt Investments for
A) $1600.
B) $1750.
C) $1800.
D) $2000.
Correct Answer:
Verified
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