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Assume that Junction Company would like to reacquire the bond before its due date.Identify the section of professional standards that specifies how to account for and classify the gain or loss from reacquisition of the bond prior to its maturity date. Enter your response in the answer fields below. Guidance on correctly structuring your response appears above and below the answer fields.Type the topic here. Correctly formatted FASB ASC topics are 3 digits.
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