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Dpeiffer79 posted a question
A company has bonds outstanding with a par value of $100,000. The unamortized discount on these bonds is $4,500. The company retired these bonds by buying them on the open market at 97. What is the gain or loss on this retirement?
Answer
1. $0 gain or loss
2. $1,500 gain
3. $1,500 loss
4. $3,000 gain

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A company has bonds outstanding with a par value of $100,000. The unamortized discount on
these bonds is $4,500. The...