Book Reception of Bands MCGE Company issue 1450,000 face value bonsant of 1,000. The bondsco call of 102. MCGEE to meet the destacant decine in interest rates. On that date, HOGEE had more 3,000 of the discount Required: 1. Calculate the gain or loss on the early redemotion of the bonde. For the amoupie number one you want to the whole 2. Calculate the den or otheredemption assuming that the cont provision is intend or 102. Enter the museum and your to the rest when dollar 3. Select where the pain or loss should be presented on the inancial statements 4. Why is the call orice is normally higher than 1007 Bonds are redeemed rynyt advantageous to the Toethe inconvenience involved, the call price is normally set at an amount higher than 100 for organ interest will for the most Preds Next