On March 31,2010,Bundy Corporation Retired $10,000,000 of Bonds Which Have

question 72

Multiple Choice

On March 31,2010,Bundy Corporation retired $10,000,000 of bonds which have an unamortized premium of $500,000,by repurchasing them for $9,850,000.How much was the gain or loss on the retirement of the bonds?

• A)$150,000 loss
• B)$150,000 gain
• C)$650,000 gain
• D)$350,000 loss

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