At Westonci.ca, we make it easy for you to get the answers you need from a community of knowledgeable individuals. Get quick and reliable solutions to your questions from a community of experienced professionals on our platform. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.
Sagot :
The gain on retirement is $6200.
What is the Gain?
A capital gain is an increase in the value of a capital asset, such as real estate or investment, that makes it more valuable than when it was first purchased. Until an investment is sold for a profit, an investor does not have a capital gain.
Given the book value of a bond is $228,200 and the amount paid to the bondholders is $222,000.
Gain on retirement of bonds = book value of bond - the amount paid to the bondholders
Gain on the retirement of bonds = $228,200 - $222,000
Gain on the retirement of bonds = $6200.
Hence, there will be a gain on the retirement bonds of $6200.
To know more about Gain refer to: https://brainly.com/question/12447326
#SPJ4
Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Discover more at Westonci.ca. Return for the latest expert answers and updates on various topics.
