Multiple Choice
Chang Industries has bonds outstanding with a par value of $200,000 and a carrying value of $203,000.If the company calls these bonds at a price of $201,000,the gain or loss on retirement is:
A) $1,000 gain.
B) $2,000 loss.
C) $3,000 gain.
D) $1,000 loss.
E) $2,000 gain.
Correct Answer:
Verified
Correct Answer:
Verified
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