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  3. a company retired $340,000 of bonds, which have an

A Company retired $340,000 of bonds, which have an unamortized premium of $15,000, by purchasing...

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Accounting

A Company retired $340,000 of bonds, which have an unamortized premium of $15,000, by purchasing them on the open market for $364,000. What is the amount of the gain or loss on the retirement of the bonds?

There was a $24,000 gain.

There was an $39,000 loss.

There was a $24,000 loss.

There was a $9,000 loss.

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