A corporation issued 8% bonds with a par value of $1,190,000, receiving a $58.000 premium....
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A corporation issued 8% bonds with a par value of $1,190,000, receiving a $58.000 premium. On the interest date 5 years later, after the bond interest was paid and after 40% of the premium had been amortized, the corporation purchased the entire issue on the open market at 99 and retired it. The gain or loss on this retirement is: Multiple Choice o o o 6200 gain o o st 900 gain
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