Multiple Choice
Hogan Company has $2,000,000 of bonds outstanding.The unamortized premium is $28,800.If the company redeemed the bonds at 101, what would be the gain or loss on the redemption?
A) $8,800 gain
B) $8,800 loss
C) $20,000 gain
D) $20,000 loss
Correct Answer:
Verified
Correct Answer:
Verified
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