Shopify Corporation has $200,000 in bonds outstanding.The unamortized premium on these bonds is $3,000.If the corporation redeems these bonds at 99,what is the gain (loss)on retirement?
A)$1,000
B)$(1,000)
C)$(2,700)
D)$2,700
E)$5,000

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The Answer of Shopify Corporation has $200,000 in bonds outstanding.The unamortized premium on these bonds is $3,000.If the corporation redeems these bonds at 99,what is the gain (loss)on retirement?
A)$1,000
B)$(1,000)
C)$(2,700)
D)$2,700
E)$5,000

Shopify Corporation Has $200,000 in Bonds Outstanding