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On March 1, 2020 Skyfall Inc. decided to retire its callable bonds early. The face value of the bonds was $150,000. On March 1st the
On March 1, 2020 Skyfall Inc. decided to retire its callable bonds early. The face value of the bonds was $150,000. On March 1st the bonds had an unamortized premium of $2,210. The callable bond rate is 102% above face value. If net income decreases include a - sign in front of your number. If net income increases put a + in front of your number. Do not include any dollar signs. For example, +1,000 if the impact is an increase and - 1,000 if the impact is a decrease. If no impact then just write 'ORound to the nearest whole number. What is the impact to net income from this early retirement journal entry? What is the impact to liabilities from this early retirement journal entry
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