Question
A company has bonds outstanding with a par value of $200,000.The unamortized premium on these bonds is $6,600.The company retired these bonds by buying them
A company has bonds outstanding with a par value of $200,000.The unamortized premium on these bonds is $6,600.The company retired these bonds by buying them on the open market at 97.What is the gain or loss on this retirement?
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Financial Accounting
Authors: Jan Williams, Susan Haka, Mark S Bettner, Joseph V Carcello
17th edition
978-1259692390
