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Business, 10.03.2020 06:57 anyar

Clabber Company has bonds outstanding with a par value of $100,000 and a carrying value of $97,300. If the company calls these bonds at a price of $95,000, the gain or loss on retirement is:
a. $5,000 loss
b. $2,700 gain
c. $2,700 loss
d. $2,300 loss
e. $2,300 gain

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