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Garcia Company has callable bonds outstanding with a par value of $100,000. The unamortized discount on these bonds is $4,900. Garcia calls these bonds at

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Garcia Company has callable bonds outstanding with a par value of $100,000. The unamortized discount on these bonds is $4,900. Garcia calls these bonds at a price of $93.000. The gain or loss on retirement is: Multiple Choice $2,300 gain 57000 in 50 gain or loss $7.000 loss $2.500 loss

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