What is impact of reacquisition on lowes pretax income, Financial Accounting

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What is impact of reacquisition on lowes pretax income

Problem

On April 1, 2020, Lowes Corporation issued 12%, $1,000,000 face amount, 10-year bonds for $896,000. Lowes reacquired the bonds at $1,020,000 on April 1, 2022. The unamortized discount on the reacquisition date was $92,500. Ignoring taxes, what is the impact of the reacquisition on Lowes' 2022 pretax income?

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Financial Accounting: What is impact of reacquisition on lowes pretax income

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