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On April 31, 2020, Strebel Corporation retires $10 million of bonds when they have unamortized discount of $100,000 by repurchasing them in the market at

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On April 31, 2020, Strebel Corporation retires $10 million of bonds when they have unamortized discount of $100,000 by repurchasing them in the market at 101 12. Calculate the gain or loss on the retirement of the bonds. Correct! $250,000 loss 0 $100,000 loss O None of these are correct $250,000 gain 0 $100,000 gain

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