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on january 2 , 2 0 1 5 , teal corporation issued $ 1 2 0 0 , 0 0 0 of 1 0 %
on january teal corporation issued $ of bonds at due december interest on the bonds is payable annually each december the discount on the bond is also being amortized on a straight line basis over the years. straight line is not materially different in effect from the preferable interest method the bonds are callable at ie at of face amount and on january teal called $ face amount of the bonds and redeemed them. ignoring income taxes complete the amount of loss if any to be recognized by teal as a result of retiring the $ of bonds in
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