What would be the gain or loss on the retirement

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Question - Miller Corporation has $ 2 comma 200 comma 000

$2,200,000 of bonds outstanding. The unamortized premium is $ 54 comma 000

$54,000. If the company retired the bonds at 101

101, what would be the gain or loss on the retirement? Ignore any interest due.

A.32,000 gain

B.54,000 gain

C.22,000 loss

D.22,000 gain

Reference no: EM131596000

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