Chang Industries has bonds outstanding with a par value of $207,200 and a carrying value of $213,800. If the company calls these bonds at a price of $210,000, the gain or loss on retirement is:
A. $3800 gain.
B. $6600 gain.
C. $2800 loss.
D. $2800 gain.
E. $3800 loss.
Answer: A
Business
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