on January 1, 2018, Doty Co. redeemed its 10-year bonds of $4,000,000 par value for...
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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.
What amount of loss should Doty recognize on the redemption of these bonds (ignore taxes)?
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