(Answered) Question - a corporation paid 104000 to retire bonds with a

Accounting

Question - A corporation paid $104,000 to retire bonds with a face value of $100,000 and an unamortized premium balance of $3,000. The entry to record the early retirement of the bonds will include the recognition of a loss of:

a) $7,000

b) $4,000

c) $1,000

d) $3,000

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