A Corporation Retired $200,000 of Bonds, Which Have an Unamortized

question 93

Multiple Choice

A corporation retired $200,000 of bonds, which have an unamortized premium of $8,000, by purchasing them on the open market for $210,000. How much was the gain or loss on the retirement of the bonds?

• A) There was a $10,000 loss.
• B) There was a $2,000 loss.
• C)There was a $10,000 gain.
• D)There was an $18,000 loss.

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Traditional practices, behaviors, and etiquette considered standard and acceptable in the business environment of a particular region or culture.

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