Bond retirement


Question Description:

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Bond retirement 1 answer below ยป Bonds with the following characteristics are retired on January 1, 2005, at 104: Issue date: January 1, 2004; maturity date: January 1, 2009; face value:
$300,000; bond issue costs: $5,000, amortized semiannually using the straight-line method of amortization. The unamortized bond discount is $8,500 as of
January 1, 2005. What is the amount of the gain or loss on the bond retirement? Dec 11 2013 12:54 AM

Answer

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