What is the gain or loss on this retirement
A company has bonds outstanding with a par value of $100,000. The unamortized discount on these bonds is $4,500. The company retired these bonds by buying them on the open market at 97. What is the gain or loss on this retirement?
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A company had a beginning balance in retained earnings of $43,900. It had net income of $6,900 and paid out cash dividends of $5,850 in the current period. The ending balance in retained earnings equals?
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Xtreme Sports has $150,000 of 8% noncumulative, nonparticipating, preferred stock outstanding. Xtreme Sports also has $550,000 of common stock outstanding.
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On January 1 of Year 1, Drum Line Airways issued $3,400,000 of par value bonds for $3,100,000. The bonds pay interest semiannually on January 1 and July 1.
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