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A corporation called an outstanding bond obligation four years before maturity. At that time there was an unamortized discount of $1560000. To extinguish this
A corporation called an outstanding bond obligation four years before maturity. At that time there was an unamortized discount of $1560000. To extinguish this debt, the company had to pay a call premium of $450000. How should these amounts be treated for accounting purposes?
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Intermediate Accounting
Authors: Kin Lo, George Fisher
Volume 1, 1st Edition
132612119, 978-0132612111
