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22 On June 30,2024, K Company had outstanding 9\%, $10,000,000 face...

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Accounting

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On June 30,2024, K Company had outstanding 9\%, $10,000,000 face value bonds maturing on June 30,2029 . Interest is payable semiannually every June 30 and December 31 . On June 30,2024 , after amortization was recorded for the period, the unamortized bond premium was $60,000.0n that date, K aceuired all its outstanding bonds on the open market at 98 and retired them. On June 30,2024 , what amount should K Company recognize as gain on redemption of bonds before income taxes? Mutuple Choike $260000 5960000 5200,000 $50.000

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