Multiple Choice
Hogan Company has $1,000,000 of bonds outstanding. The unamortized premium is $14,400. If the company redeemed the bonds at 101, what would be the gain or loss on the redemption?
A) $4,400 gain
B) $4,400 loss
C) $10,000 gain
D) $10,000 loss
Correct Answer:
Verified
Correct Answer:
Verified
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