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Business, 29.02.2020 02:04 erica437

Chang Industries has bonds outstanding with a par value of $200,000 and a carrying value of $203,000. If the company calls these bonds at a price of $201,000, the gain or loss on retirement is:

a.$1,000 gain
b.$2,000 loss
c.$3,000 gain
d.$1,000 loss
e.$2,000 gain

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Answers: 2

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Chang Industries has bonds outstanding with a par value of $200,000 and a carrying value of $203,000...
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