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(5 points) On July 1, 2022, VHH Corp. retired $8,870,000 of 6% , 15 year bonds outstanding at 96. Interest payments on the bonds were
(5 points) On July 1, 2022, VHH Corp. retired $8,870,000 of 6% , 15 year bonds outstanding at 96. Interest payments on the bonds were paid on June 30 and December 31 each year. The company also reported $248,000 of unamortized discount on the bonds. What book value (or carrying value) should VHH Corp.'s acounting team use to calculate the gain or loss on retirement of the bond? (LE 4) $9,384,100 $8,888,100 $9,118,000 $8,622,000
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