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Business, 01.03.2021 22:00 batmanmarie2004

MSG Corporation issued $111,000 of 3-year, 5% bonds outstanding on December 31, 2020 for $114,000. The bonds pay interest annually and MSG uses straight-line amortization. On May 1, 2021, $11,100 of the bonds were retired at 118. As a result of the retirement, MSG will report: (Do not round intermediate calculations and round final answer to nearest whole dollar.) a. a $1,698 loss.
b. a $1,731 loss.
c. a $3,396 loss.
d. a $3,396 gain.

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MSG Corporation issued $111,000 of 3-year, 5% bonds outstanding on December 31, 2020 for $114,000. T...
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