Ask Question
30 October, 18:26

Clabber company has bonds outstanding with a par value of $113,000 and a carrying value of $105,100. if the company calls these bonds at a price of $101,500, the gain or loss on retirement is:

+5
Answers (1)
  1. 30 October, 18:32
    0
    Gain on retirement of bonds = book value of bonds - the amount paid to the bondholders = 105,100 - 101,500 = $3600

    So, $3600 should be the gain or loss on the retirement.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Clabber company has bonds outstanding with a par value of $113,000 and a carrying value of $105,100. if the company calls these bonds at a ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers