The company calls the bonds at 96 when the unamortized is


Question - A company has 10%, 20-year bonds outstanding with a par value of 500,000. The company calls the bonds at 96 when the unamortized is count is $24,500. Calculate the gain or loss on the retirement of these bonds.

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Accounting Basics: The company calls the bonds at 96 when the unamortized is
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