What the retirement of the bonds will result

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Question - On January 1, 2018, Coates Company retired $750,000 of bonds by purchasing them in the open market at a price of 95. On the date of retirement, the bonds had a carrying value of $728,000. What the retirement of the bonds will result?

a. loss of $37,500

b. gain of $37,500

c. loss of $15,500

d. gain of $15,500

Reference no: EM133040474

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