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A company has bonds outstanding with a par value of $100,000. The unamortized discount on these bonds is $4,500. The company retired these bonds by
A company has bonds outstanding with a par value of $100,000. The unamortized discount on these bonds is $4,500. The company retired these bonds by buying them on the open market at 97. What is the gain or loss on this retirement? Select one: a. $1,500 loss. b. $3,000 gain c. $0 gain or loss. d. $1,500 gain ali shtaya
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