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Clabber Company has bonds outstanding with a par value of $105,000 and a carrying value of $100,300. If the company calls these bonds at a

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Clabber Company has bonds outstanding with a par value of $105,000 and a carrying value of $100,300. If the company calls these bonds at a price of $97,500, the gain or loss on retirement is: Multiple Choice $4,700 Ioss. $4,700 gain. $2,800 gain. $7,500 Ioss. $2,800 loss

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