A company has callable bonds outstanding with a par value of $100,000 The unamont of $3,000 What is the gain or loss on this retirement? OA $3.000 koss OB 50 gain or loss C$4,500 loss

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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A company has callable bonds outstanding with a par value of $100,000 The unamorticed discount on these bonds is $1,500. The company called to retire these bonde and paid a cal premsum (bonus)
of $3,000 What is the gain or loss on this retirement?
OA $3.000 koss
OB 50 gain or loss
OC. $4,500 loss
OD. $1,500 gain
Transcribed Image Text:A company has callable bonds outstanding with a par value of $100,000 The unamorticed discount on these bonds is $1,500. The company called to retire these bonde and paid a cal premsum (bonus) of $3,000 What is the gain or loss on this retirement? OA $3.000 koss OB 50 gain or loss OC. $4,500 loss OD. $1,500 gain
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