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9 January, 02:36

Chang industries has bonds outstanding with a par value of $220,800 and a carrying value of $234,200. if the company calls these bonds at a price of $227,000, the gain or loss on retirement is:

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  1. 9 January, 02:50
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    Gain on retirement of bonds = book value of bond - the amount paid to the bondholders

    Gain = $234,200-$227,000 = $7200.

    So they will have a gain of $7200.

    gain or lose = $227,000-220800 = $ 7200
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