A company has bonds outstanding with a par value of $100,000. The unamortized discount on these bonds is $4900. The company calls these bonds at a price of $93,000 the gain or loss on retirement is:
A. $2100 gain.
B. $7000 gain.
C. $2100 loss.
D. $0 gain or loss.
E. $7000 loss.
Answer: A
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