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Business, 30.03.2020 20:47 maggiemae4993

On February 1, 2017, Pat Weaver Inc. (PWI) issued 9%, $ 1,300,000 bonds for $ 1,600,000. PWI retired all of these bonds on January 1, 2018, at 106. Unamortized bond premium on that date was $ 137,800. How much gain or loss should be recognized on this bond retirement?

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On February 1, 2017, Pat Weaver Inc. (PWI) issued 9%, $ 1,300,000 bonds for $ 1,600,000. PWI retired...
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