Business, 09.09.2019 21:30, tyrasimpson4787
Exercise 14-12 on january 2, 2012, metlock corporation issued $1,250,000 of 10% bonds at 97 due december 31, 2021. interest on the bonds is payable annually each december 31. the discount on the bonds is also being amortized on a straight-line basis over the 10 years. (straight-line is not materially different in effect from the preferable "interest method".) the bonds are callable at 102 (i. e., at 102% of face amount), and on january 2, 2017, metlock called $750,000 face amount of the bonds and redeemed them. ignoring income taxes, compute the amount of loss, if any, to be recognized by metlock as a result of retiring the $750,000 of bonds in 2017. (round answer to 0 decimal places, e. g. 38,548.)
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Exercise 14-12 on january 2, 2012, metlock corporation issued $1,250,000 of 10% bonds at 97 due dece...
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