Why do companies report a gain or loss on the repurchase of their bonds (assuming the repurchase

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Why do companies report a gain or loss on the repurchase of their bonds (assuming the repurchase price is different from bond book value)?

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Financial Accounting

ISBN: 9781618533111

6th Edition

Authors: Michelle L. Hanlon, Robert P. Magee, Glenn M. Pfeiffer, Thomas R. Dyckman

Question Posted: Oct 20, 2021 08:52 AM

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Why do companies report a gain or loss on the repurchase of their bonds (assuming the repurchase

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Bonds are reported at historical cost that is the face amount plus minus unamortized premium disco...View the full answer

Financial Accounting

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