Describe the bond net book value


On october 1 2015 hsb decides to retire the bonds one year earily. They pay 98. All interest has been accrued and paid by hsb prior to the retirement. The bond net book value at the october 1, 2015 early retirement date is $1,010,000. Would that be a gain of $20,000 or $30,000?

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Accounting Basics: Describe the bond net book value
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