Clabber Company has bonds outstanding with a par value of $100,000 and a carrying value of $97,300.If the company calls these bonds at a price of $95,000,the gain or loss on retirement is:
A)$5,000 loss.
B)$2,700 gain.
C)$2,700 loss.
D)$2,300 loss.
E)$2,300 gain.

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The Answer of Clabber Company has bonds outstanding with a par value of $100,000 and a carrying value of $97,300.If the company calls these bonds at a price of $95,000,the gain or loss on retirement is:
A)$5,000 loss.
B)$2,700 gain.
C)$2,700 loss.
D)$2,300 loss.
E)$2,300 gain.

Clabber Company Has Bonds Outstanding with a Par Value of $100,000