Question
how can calculate 114. If bonds with face value of $ 100,000 are redeemed at 98 before maturity when the amortized cost is $ 92,000,
how can calculate
114. If bonds with face value of $ 100,000 are redeemed at 98 before maturity when the amortized cost is $ 92,000, what would be the resulting gain or loss on the transaction?
a) loss of $ 1,840
b) loss of $ 6,000
c) gain of $ 6,000
d) gain of $ 1,840
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Financial Accounting
Authors: Michael J. Jones
1st Edition
0470058986, 978-0470058985
