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    jharris1998's Avatar
    jharris1998 Posts: 1, Reputation: 1
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    May 15, 2011, 12:22 PM
    Bonds Payable has a balance of $900,000 and Premium on Bonds Payable has a balance of
    Bonds Payable has a balance of $900,000 and Premium on Bonds Payable has a balance of $10,000. If the issuing corporation redeems the bonds at 103, what is the amount of gain or loss on redemption?
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    Just Looking Posts: 1,610, Reputation: 480
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    May 15, 2011, 06:18 PM

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