QUESTIONS 45 THROUGH 68 RELATE TO FINANCIAL STATEMENT ANALYSIS

64. A company issued $2,000,000 of bonds with a 20 year maturity at 96. Seven years later, the

company called the bonds at 103 when the unamortized discount was $39,000. The company

would most likely report a loss of:

A. $60,000.

B. $99,000.

C. $138,000.

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