What is the gain or loss on this retirement

Accounting
Tutor: None Selected Time limit: 1 Day

A company has bonds outstanding with a par value of $100,000. The unamortized discount on these bonds is $4,800. The company retired these bonds by buying them on the open market at 97. What is the gain or loss on this retirement?

$3,000 loss.
$1,800 gain.
$1,800 loss.
$0 gain or loss.
$3,000 gain.
Apr 20th, 2015


$1800 loss

Apr 20th, 2015

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Apr 20th, 2015
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Apr 20th, 2015
Dec 3rd, 2016
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