ACCOUNTING WILEYPLUS

Multiple Choice Question 159 Oriole Company received proceeds of $202350 on 10-year, 5% bonds issued on January 1, 2016. The bonds had a face value of $213000, pay interest annually on January 1, and have a call price of 102. Oriole uses the straight-line method of amortization, Oriole Company decided to redeem the bonds on January 1, 2018. What amount of gain or loss would Oriole report on its 2018 income statement? $10780 gain $10780 loss $12780 loss $12780 gain Multiple Choice Question 159 Orice Company received proceeds of $202350 on 10 year, 5% bonds issued on January 1, 2016. The bonds had a face value of $213000, pay interest annually on January 102. Oriole uses the straight-line method of amortization Oriole Company decided to redeem the bonds on January 1, 2018. What amount of gain or loss would Orice report on ts 2018 income statement $10780 gain $10780 loss $12780 loss $12780 gain Y POR LATER SUBMIT