A company has bonds outstanding with a par value of $400,000.The unamortized premium on these bonds is $2,000.The company retired these bonds by buying them on the open market at 97.What is the gain or loss on this retirement?
A)$0 gain or loss
B)$10,000 gain
C)$10,000 loss
D)$14,000 gain
E)$14,000 loss

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The Answer of A company has bonds outstanding with a par value of $400,000.The unamortized premium on these bonds is $2,000.The company retired these bonds by buying them on the open market at 97.What is the gain or loss on this retirement?
A)$0 gain or loss
B)$10,000 gain
C)$10,000 loss
D)$14,000 gain
E)$14,000 loss

A Company Has Bonds Outstanding with a Par Value of $400,000.The