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Posted: **Sun Jun 05, 2022 5:09 pm**

: 8 A Bond Issued With A Par Value Of 200 000 And A Carrying Amount Of 195 500 Is Retired At 98 5 The Gain Or Loss On 1 (19.66 KiB) Viewed 51 times

8. A bond issued with a par value of $200,000 and a carrying amount of $195,500 is retired at 98.5. The gain or loss on this transaction is: discont = 4500 Bond Payabl 200000 A) $3,000 loss. B) $3,000 gain. C) $1,500 loss. D) $1,500 gain. discout Debit 4500 199901.5