LPC calls the bonds at 103 immediately after the interest payment on 12/31/2014 and retires them. What gain or loss, if any, would LPC record on this date?
A)No gain or loss
B)$3,717 gain
C)$6,000 loss
D)$2,283 loss

Question

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The Answer of LPC calls the bonds at 103 immediately after the interest payment on 12/31/2014 and retires them. What gain or loss, if any, would LPC record on this date?
A)No gain or loss
B)$3,717 gain
C)$6,000 loss
D)$2,283 loss

LPC Calls the Bonds at 103 Immediately After the Interest