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On February 1, 2015, Pat Weaver Inc. (PWI) issued 8%, $1,800,000 bonds for $2,100,000. PWI...

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Accounting

On February 1, 2015, Pat Weaver Inc. (PWI) issued 8%, $1,800,000 bonds for $2,100,000. PWI retired all of these bonds on January 1, 2016, at 102. Unamortized bond premium on that date was $183,600. How much gain or loss should be recognized on this bond retirement?

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