Chang Industries has bonds outstanding with a par value of $216,800 and a carrying value of $228,200. If the company calls these bonds at a price of $222,000, the gain or loss on retirement is:

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05-07-2022
Business

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Chang Industries has bonds outstanding with a par value of $216,800 and a carrying value of $228,200. If the company calls these bonds at a price of $222,000, the gain or loss on retirement is:

Sagot :

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tripatsingh039 tripatsingh039 · Answer 1 · 2022-07-14T01:51:06-04:00

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.

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What is the Gain?

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