Business, 24.09.2020 15:01 screen7866
on April 30, one year before maturity, middleton company retires $200,000 of its 9% bonds payable at the current market price of 101 (101% of the bond face amount, or $200,000 X 1.01 - $202,000. The bond book value on April 30 is $196,000, reflecting an unamortized discount of $3,400. Bond interest is currently fully paid and recorded up to the date of retirement. What is the gain or loss on retirements of these bonds
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on April 30, one year before maturity, middleton company retires $200,000 of its 9% bonds payable at...
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