Question: On January 2 , 2 0 1 5 , Windsor Corporation issued $ 1 , 6 5 0 , 0 0 0 of 1 0
On January Windsor Corporation issued $ of bonds at due December Interest on the bonds is payable annually each December The discount on the bonds is also being amortized on a straightline basis over the years. Straightline is not materially different in effect from the preferable "interest method."
The bonds are callable at ie at of face amount and on January Windsor called $ face amount of the bonds and redeemed them.
Ignoring income taxes, compute the amount of loss, if any, to be recognized by Windsor as a result of retiring the $ of bonds in Round answer to decimal places, eg
Loss on redemption
$
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