A corporation retired $900,000 of bonds which have an unamortized discount of $30,000, by paying bondholders $920,000. How much was the gain or loss on the retirement of the bonds?
A) There was a $50,000 loss.
B) There was a $10,000 loss.
C)There was a $10,000 gain.
D)There was a $20,000 loss.

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The Answer of A corporation retired $900,000 of bonds which have an unamortized discount of $30,000, by paying bondholders $920,000. How much was the gain or loss on the retirement of the bonds?
A) There was a $50,000 loss.
B) There was a $10,000 loss.
C)There was a $10,000 gain.
D)There was a $20,000 loss.

A Corporation Retired $900,000 of Bonds Which Have an Unamortized