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  3. on january 1, 2018, doty co. redeemed its 10-year

on January 1, 2018, Doty Co. redeemed its 10-year bonds of $4,000,000 par value for...

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Accounting

  1. on January 1, 2018, Doty Co. redeemed its 10-year bonds of $4,000,000 par value for 103. They were originally issued on January 1, 2006 at 95 with a maturity date of January 1, 2016. Doty amortizes discounts and premiums using the straight-line method.
    1. What amount of loss should Doty recognize on the redemption of these bonds (ignore taxes)?

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