What is the gain or loss on redemption of the bond

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Reference no: EM13777632

A 250,000 bond on which there is an amortization discount of $20,000 is redeemed for $235,000.What is the gain or loss on redemption of the bond?

Reference no: EM13777632

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What is the gain or loss on redemption of the bond : A 250,000 bond on which there is an amortization discount of $20,000 is redeemed for $235,000. What is the gain or loss on redemption of the bond?

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