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What amount of loss should Crane recognize

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Question - On January 1, 2021, Crane Company redeemed its 15-year bonds of $6900000 par value for 101. They were originally issued on January 1, 2009 at 91 with a maturity date of January 1, 2024. Crane amortizes discounts and premiums using the straight-line method. What amount of loss should Crane recognize on the redemption of these bonds (ignore taxes)?

a. $69000

b. $0

c. $193200

d. $109200

Reference no: EM132671836

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