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A company has bonds outstanding with a par value of $100,000. The unamortized discount on these bonds is $5,000. The company retired these bonds by

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A company has bonds outstanding with a par value of $100,000. The unamortized discount on these bonds is $5,000. The company retired these bonds by buying them on the open market at 98. What is the gain or loss on this retirement? Multiple Choice $2,000 gain. $3,000 l. $2,000 l. so gn r loss s3,000 gain A company issued 6 years bonds with a parole of 650.000 The market rate when the bonds were issued was 75% The company received $656500 cash for the bonds. Using the stran e method the amount of recorded interest expense for the first se a rest periods Ossa o o o o of Os Marwick Corporation s on 5 year bonds with a par value of 10000 de price, assuming the following Present Value factors a rest payments on the date the market rate for these bonds What is the bonds we selling Present value Present Value of Annuity 10 . SU000 S1286

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