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13 Tony Hawk's Adventure (THA) issued callable bonds on January 1, 2021. THA's accountant has projected the following amortization schedule from issuance until maturity: Increase
13 Tony Hawk's Adventure (THA) issued callable bonds on January 1, 2021. THA's accountant has projected the following amortization schedule from issuance until maturity: Increase in Carrying Value Interest Expense 8 01:11:43 Cash Paid Date 01/01/2021 06/30/2021 12/31/2021 06/30/2022 12/31/2022 06/30/2023 12/31/2023 $12,000 12,000 12,000 12,000 12,000 12,000 $13,692 13,793 13,901 14,015 14,136 14,264 $1,692 1,793 1,901 2,015 2,136 2,264 Carrying Value $ 228,199 229,891 231,684 233,585 235,600 237,736 240,000 THA buys back the bonds for $229,514 immediately after the interest payment on 12/31/2021 and retires them. What gain or loss, if any, would THA record on this date? Multiple Choice 3 Multiple Choice 1:24 No gain or loss. $1,315 loss. $2,170 gain $10,486 gain
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