Calculating Gains and Losses on Early Retirement of Debt

s Tuid each eulating Gains and Losses on Early Retirement of Debt The data year below pertain to bonds outstanding at 2016 year end. For each of the following outstandin 4s determine whether the company would record a gain or a loss if it decided to retire the bonds LO4 at the end of fiscal 2016. Face Value Premium (Discount) Fair Value $300,000 750,000 500,000 400,000 $45,885 42,550 (16,995) 2,250) $402,558 712,558 504,770 385,669 Firm 4