The 12% bonds payable of Keane Co. had a carrying amount of $832,000 on December 31, 2006 . The bonds, which had a face value of $800,000, were issued at a premium to yield 10%. Keane uses the effective-interest method of amortization. Interest is paid on June 30 and December 31. On June 30, 2007 , several years before their maturity, Keane retired the bonds at 104 plus accrued interest. The loss on retirement, ignoring taxes, is
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