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How much gain or loss should be recognized on the bond

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Question 1: On February 1, 2020, Pat Weaver Inc. (PWI) issued 9%, $1,700,000 bonds for $2,000,000. PWI retired all of these bonds on January 1, 2021, at 104. Unamortized bond premium on that date was $176,800. How much gain or loss should be recognized on this bond retirement?

Reference no: EM132494892

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