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Title: Zambrano Corp. decided to go into the market to repurchase bonds before their due date. The ... Post by: Morgs on Jul 22, 2018 Zambrano Corp. decided to go into the market to repurchase bonds before their due date. The following are the balances of the accounts on the date of the retirement:
Bonds Payable$5,000,000 Bond Discount$30,000 Unamortized Bond Issue Cost$49,000 Cash Paid for Bonds$4,898,000 What is the gain or loss on the early extinguishment of the bonds? A) $83,000 loss B) $79,000 loss C) $23,000 gain D) No gain or loss is recognized. Title: Zambrano Corp. decided to go into the market to repurchase bonds before their due date. The ... Post by: sophiehuynh on Jul 22, 2018 Content hidden
Title: Zambrano Corp. decided to go into the market to repurchase bonds before their due date. The ... Post by: Morgs on Jul 22, 2018 :idea: Correct, thanks!
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