A company has 10%,20-year bonds outstanding with a par value of $500,000.The company calls the bonds at $480,000 when the unamortized discount is $24,500.Calculate the gain or loss on the retirement of these bonds.

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The Answer of A company has 10%,20-year bonds outstanding with a par value of $500,000.The company calls the bonds at $480,000 when the unamortized discount is $24,500.Calculate the gain or loss on the retirement of these bonds.

A Company Has 10%,20-Year Bonds Outstanding with a Par Value