Miller Corporation has $1,900,000 of bonds outstanding. The unamortized premium is $61,000. If the company retired the bonds at 102, what would be the gain or loss on the retirement? Ignore any interest due.
A) $38,000 gain
B) $38,000 loss
C) $23,000 gain
D) $61,000 gain
Correct Answer:
Verified
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