Pearson Corp decided to go into the market to repurchase and retire their bond before...
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Pearson Corp decided to go into the market to repurchase and retire their bond before their dus date. The bonds had a face value of $9,000,000. On the date of ratirement tha balance in the Discount on Bonds Payable account was \$178,000 II Pearson purchased the bonds on the open market at 97 to retirn the bond, what is the gain or loss on the early extinguishment of the debt? Une anegative sfoute denote a loss. Question 40 3pts On January 1,2023 , TightRope Limted issued $430,000,8 yeas, 7% bonds. Cash interes! is payable annually on December 31. Bond issuance costs are \$26,000. The market rate for bonds of similar risk and maturty is 10% at issue. What is the carrying value of the bond on January 1, 2023? Round to the nearest dollar
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