Question
A company has bonds outstanding with a par value of $180,000. The unamortized premium on these bonds is $4,860. If the company retired these bonds
A company has bonds outstanding with a par value of $180,000. The unamortized premium on these bonds is $4,860. If the company retired these bonds at a call price of $174,600, the gain or loss on this retirement is:
Multiple Choice
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$5,400 gain.
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$5,400 loss.
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$4,860 loss.
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$10,260 gain.
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$4,860 gain.
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Information Technology Auditing
Authors: Hall, J Scott Harr
3rd Edition
1133008046, 978-1439079119
