Social Studies, 11.12.2019 20:31 marelinatalia2000
On june 30, 20x1, omara co. had outstanding 8%, $8,000,000 face amount, 15-year bonds. interest is payable on june 30 and december 31. the unamortized balance in the bond discount account on june 30, 20x1 was $360,000. on june 30, 20x1, omara acquired all of these bonds at 94 and retired them. what amount should omara report for the gain or loss on this early extinguishment of debt?
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On june 30, 20x1, omara co. had outstanding 8%, $8,000,000 face amount, 15-year bonds. interest is p...
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