On february 1 2012 pat weaver inc pwi issued 8 1200000

Reference no: EM13568046

On February 1, 2012, Pat Weaver Inc. (PWI) issued 8%, $1,200,000 bonds for $1,500,000. PWI retired all of these bonds on January 1, 2013, at 102. Unamortized bond premium on that date was $122,400. How much gain or loss should be recognized on this bond retirement?

Reference no: EM13568046

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