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Clabber Company has bonds outstanding with a par value of $103,000 and a carrying value...

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Accounting

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Clabber Company has bonds outstanding with a par value of $103,000 and a carrying value of $99,100. If the company calls these bonds at a price of $96,500, the gain or loss on retirement is: Multiple Choice $2,600 loss $6,500 loss. O O. $2,600 gain. O $3,900 loss. $3,900 gain

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