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A company has bonds outstanding with a par value of $250,000. The unamortized discount on the bonds is $12,000. The company calls the bonds at

A company has bonds outstanding with a par value of $250,000. The unamortized discount on the bonds is $12,000. The company calls the bonds at a price of $225,000. As a result, the company should record a $13,000 loss on the bond retirement.

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