Multiple Choice
A company retired $200,000 of bonds,which have an unamortized premium of $8,000,by purchasing them on the open market for $210,000.What is the amount of the gain or loss on the retirement of the bonds?
A) There was a $10,000 loss.
B) There was a $2,000 loss.
C) There was a $10,000 gain.
D) There was an $18,000 loss.
Correct Answer:
Verified
Correct Answer:
Verified
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