Miller Corporation has $2,000,000 of bonds outstanding.The unamortized premium is $57,000.If the company retired the bonds at 101,what would be the gain or loss on the retirement? Ignore any interest due.
A) $20,000 gain
B) $20,000 loss
C) $37,000 gain
D) $57,000 gain
Correct Answer:
Verified
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