Question: Bryce Company has $ 3 , 0 0 0 , 0 0 0 ( face value ) of bonds outstanding. The Company has issued


Bryce Company has $3,000,000 (face value) of bonds outstanding. The Company has issued the bonds at 102. The unamortized premium is $43,200. If the company redeemed the bonds at 101, what would be the gain or loss on the redemption? Calculate.
 

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