General Investment Co.(GIC) purchased bonds on January 1,2015.GIC's accountant has projected the following amortization schedule from purchase until maturity: 
GIC sells the bonds for $196,000 immediately after the interest payment on 12/31/15.What gain or loss,if any,would GIC record on this date?
A) No gain or loss.
B) $370 loss.
C) $4,000 loss.
D) $4,000 gain.
Correct Answer:
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