Question: please answer entire problem Required: 1. Calculate the gain or loss on the early redemption of the bonds. Enter the amount as positive number. Round

please answer entire problem Required: 1. Calculate the gain or loss on please answer entire problem

Required: 1. Calculate the gain or loss on the early redemption of the bonds. Enter the amount as positive number. Round your answer to the nearest whole dollar. 3. Select where the gain or loss should be presented on the financial statements. 4. Why is the call price is normally higher than 100 ? Bonds are redeemed early only ir it is advantageous to the To compensate the for forgone interest, as well as for the costs and inconvenience involved, the call price is normally set at an amount higher than 100

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