Business Finance Homework Help
Business Finance Homework Help. Other What is the gain or loss on this retirement
A company has bonds outstanding with a par value of $400,000. The unamortized premium on these bonds is $2,000. The company retired these bonds by buying them on the open market at 97. What is the gain or loss on this retirement?
| $10,000 loss | |
| $14,000 loss | |
| $14,000 gain | |
| $10,000 gain | |
| $0 gain or loss |
Business Finance Homework Help
"Our Prices Start at $11.99. As Our First Client, Use Coupon Code GET15 to claim 15% Discount This Month!!"
