On january 1, year 13, hart, inc., redeemed its 15-year bonds of $500,000 face amount for 102. they were originally issued on january 1, year 1 at 98 with a maturity date of january 1, year 16. the bond issue costs relating to this transaction were $20,000. hart amortizes discounts, premiums, and bond issue costs using the straight-line method. before income taxes, what amount of loss should hart recognize on the redemption of these bonds?
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On january 1, year 13, hart, inc., redeemed its 15-year bonds of $500,000 face amount for 102. they...
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