Multiple Choice
Shopify Corporation has $200,000 in bonds outstanding.The unamortized premium on these bonds is $3,000.If the corporation redeems these bonds at 99,what is the gain (loss) on retirement?
A) $1,000
B) $(1,000)
C) $(2,700)
D) $2,700
E) $5,000
Correct Answer:
Verified
Correct Answer:
Verified
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