Ask Question
4 March, 23:14

Clabber company has bonds outstanding with a par value of $113,000 and a carrying value of $105,100. if the company calls these bonds at a price of $101,500, the gain or loss on retirement is:

+4
Answers (1)
  1. 5 March, 01:08
    0
    Gain on retirement of bonds = book value of bonds - the amount paid to the bondholders = 105,100 - 101,500 = $3600

    So, $3600 should be the gain or loss on the retirement.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Clabber company has bonds outstanding with a par value of $113,000 and a carrying value of $105,100. if the company calls these bonds at a ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers