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on january 1 2007 a company ussyed at 94 bonds with a par value of 60000 due in 20 years. it incurred bond issue costs

on january 1 2007 a company ussyed at 94 bonds with a par value of 60000 due in 20 years. it incurred bond issue costs totalling 20000. the discount and issue costs are amortized straight line. eight years after the issue date the company calls the entire jssue at 90 and cancels it. what is yhr gain in redemption... a loss would be recognized not a gain, 26400, 38400, none, 37600, 4000

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