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How much gain or loss should be recognized

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Question - On January 1, 2019, PWI Inc. issued 10%, $1,000,000 bonds for $1,116,000. PWI retired all of these bonds on January 1, 2020 for $1,020,000. Unamortized bond premium on that date was $92,800. How much gain or loss should be recognized on this bond retirement?

Reference no: EM132885680

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