Business
Business, 22.04.2020 21:53, huddyxo

Chang Industries has bonds outstanding with a par value of $216,000 and a carrying value of $227,000. If the company calls these bonds at a price of $221,000, the gain or loss on retirement is:

A. 5,000 gainB. 6,000 gainC. 6,000 lossD. 5,000 lossE. 11,000 gain

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Answers: 2

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Chang Industries has bonds outstanding with a par value of $216,000 and a carrying value of $227,000...

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