1) On March 31, 2016, Bundy
Company retired $10,600,000 of bonds, which have an unamortized
premium of $600,000, by paying bondholders $10,400,000. What is the
amount of the gain or loss on the retirement of the bonds?
A) $800,000 gain.
B) $400,000 loss.
C) $200,000 gain.
D) $200,000 loss.
2) A Company retired $660,000 of
bonds, which have an unamortized discount of $26,000, by
repurchasing them for $660,000. What is the amount of the gain or
loss on the retirement...