Business, 20.12.2019 00:31 dpinzoner5952

On january 1, 2013, goll corp. issued 3,000 of its 10%, $1,000 bonds for $3,120,000. these bonds were to mature on january 1, 2023 but were callable at 101 any time after december 31, 2016. interest was payable semiannually on july 1 and january 1. on july 1, 2018, goll called all of the bonds and retired them. bond premium was amortized on a straight-line basis. before income taxes, goll's gain or loss in 2018 on this early extinguishment of debt was group of answer choices $30,000 loss. $24,000 gain. $90,000 gain. $36,000 gain.

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On january 1, 2013, goll corp. issued 3,000 of its 10%, $1,000 bonds for $3,120,000. these bonds wer...