A company has bonds outstanding with a par value of $60,000. The unamortized premium on these bonds is $1260. If the company retired these bonds at a call price of $58,200, the gain or loss on this retirement is:

Question 84 options:

	$3060 gain.
	$1800 gain.
	$1260 loss.
	$1800 loss.
	$1260 gain.

A company has bonds outstanding with a par value of $60,000. The unamortized premium on these bonds is $1260. If the company retired these bonds at a call price of $58,200, the gain or loss on this retirement is:

Question 84 options:

	$3060 gain.
	$1800 gain.
	$1260 loss.
	$1800 loss.
	$1260 gain.