Lincoln Corporation has $500 million of debenture bonds outstanding that have an unamortized discount of $36 million Lower interest rates convinced the company to pay off the bonds now by purchasing them on the market where the price of the bonds s 97 What is Lincoln's gain or loss on the retirement of the bonds? How would this gain or loss be shown in the financial statements? What is Lincoln's gain or loss on the retirement of the bonds? Lincoln has as million How would this gain or loss bo shown in the fancial statements ? Gains and losses on early retirement of bonds payable are reported as y on the