Multiple Choice
Milton Corporation has $2,000,000 of bonds outstanding. The unamortized premium is $151,000. If the company retired the bonds at 101, what would be the gain or loss on the retirement?
A) $131,000 gain
B) $131,000 loss
C) $151,000 gain
D) $151,000 loss
Correct Answer:
Verified
Correct Answer:
Verified
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