Amount of the loss on early extinguishment

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On January 1, 2008 William Corp had outstanding $1,000,000 of 12% bonds with a carrying amount of $966,130. The indenture specified a call price of $981,000. The bonds were issued preciously at a price to yield 14%. William Corp (retired them) on July 1, 2008. What is the amount of the loss on early extinguishment.

6932

7241

7629

Reference no: EM13148034

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