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lyudmila [28]
3 years ago
5

Chang industries has bonds outstanding with a par value of $220,800 and a carrying value of $234,200. if the company calls these

bonds at a price of $227,000, the gain or loss on retirement is:
Mathematics
1 answer:
vladimir2022 [97]3 years ago
6 0
Gain on retirement of bonds = book value of bond - the amount paid to the bondholders

Gain = $234,200-$227,000 = $7200.

So they will have a gain of $7200.

gain or lose= $227,000-220800= $ 7200

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