What would be the gain or loss on the redemption

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Reference no: EM13825424

Hogan Company has $1,000,000 of bonds outstanding. The unamortized premium is $14,400. If the company redeemed the bonds at 101, what would be the gain or loss on the redemption?

$10,000 gain

$4,400 gain

$10,000 loss

$4,400 loss

Reference no: EM13825424

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