On june 30 2011 rix corporation had 10000000 of 9 percent, Financial Accounting

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On june 30 2011 rix corporation had 10000000 of 9 percent

On June 30, 2011, Rix Corporation had $10,000,000 of 9 percent bonds outstanding. The maturity date is June 30, 2016.. Interest is paid semiannually every June 30 and December 31. All the bonds were redeemed on June 30, 2011, at 98. At the time of the bond redemption, there was unamortized bond discount of $60,000 and unamortized bond issue costs of $100,000. What is the amount of the gain on the bond redemption?

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Financial Accounting: On june 30 2011 rix corporation had 10000000 of 9 percent

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Financial Accounting: On june 30 2011 rix corporation had 10000000 of 9 percent

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