6. (TCO D) On January 1, 2016, Doty Co. redeemed its 15-year bonds of $2,500,000...
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6. (TCO D) On January 1, 2016, Doty Co. redeemed its 15-year bonds of $2,500,000 par value for 101. They were originally issued on January 1, 2012 at 94 with a maturity date of January 1, 2017. The bond issue costs relating to this transaction were $25,000. Doty amortizes discounts, premiums, and bond issue costs using the straight-line method. What amount of loss should Doty recognize on the redemption of these bonds? (Ignore taxes.) (Points : 6)
$90,000
$60,000
$50,000
$0
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