What amount of loss should aryamin recognize

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Question - Aryamin Inc.. redeemed its 15-year, $ 600,000 par value bonds at 103 on January 1, 2020. As per the indenture, The bonds were originally issued on January 1, 2008 at 98 with a maturity date of January 1, 2023. Aryamin amortizes bond discounts and premiums using the straight-line method. Ignoring income taxes, what amount of loss should Aryamin recognize on the redemption of these bonds?

Reference no: EM133166367

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