(Answered) Question - miller corporation has 2 comma 200 comma

Accounting

Question - Miller Corporation has $ 2 comma 200 comma 000

$2,200,000 of bonds outstanding. The unamortized premium is $ 54 comma 000

$54,000. If the company retired the bonds at 101

101, what would be the gain or loss on the retirement? Ignore any interest due.

A.32,000 gain

B.54,000 gain

C.22,000 loss

D.22,000 gain

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