What is the book value of its liability? if an affiliated, Ask an Expert

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A company has a $1,000,000 bond issue outstanding with unamortized premium of $10,000 and unamortized issuance cost of $5,300. What is the book value of its liability? If an affiliated company purchases half the bonds in the market at 98, what is the gain or loss? Is the gain or loss actual or constructive?

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Accounting Basics, Accounting

Category:- Accounting Basics
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