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19. Company A issued bonds on January 1, 201 under the following conditions. ...

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Accounting

19. Company A issued bonds on January 1, 201 under the following conditions.
-Debenture period: January 1, 201 to December 31, 203 (one-time repayment) -Interest: 6% of the face value is paid on December 31st every year
The effective interest rate at the issuance date of bonds is 4% per annum (current value coefficient 0.89 for periods 3 and 1, annuity present coefficient 2.78). At the beginning of 20x2, if all of the bonds are redeemed in advance at 1,020,000, what is the profit on the redemption of the bonds to be recognized?

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