ZYX Incorporated issued 5%, $2,000,000 bonds for $2,300,000. ZYX reacquired these bonds for $2,150,000 when their...

  

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ZYX Incorporated issued 5%, $2,000,000 bonds for $2,300,000. ZYX reacquired these bonds for $2,150,000 when their book value was $2,100,000. What was the gain or loss on the early extinguishment of this debt? ZYX Incorporated issued 5%, $2,000,000 bonds for $2,300,000. ZYX reacquired these bonds for $2,150,000 when their book value was $2,100,000. What was the gain or loss on the early extinguishment of this debt?