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Clabber Company has bonds outstanding with a par value of $100,000 and a carrying...

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Accounting

Clabber Company has bonds outstanding with a par value of $100,000 and a carrying value of $97,300. If the company calls these bonds at a price of $95,000, the gain or loss on retirement is: $5,000 loss $2,700 gain $2,700 loss $2,300 loss $2,300 gain

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