Business, 27.07.2020 01:01 favre22fs

What if the bonds are retired early on January 1, 20X3 after the second interest was paid. The cash paid by the company out in the market was 98% of face value. What is the effect on the balance sheet and income statement from this early retirement. Why would this company want to retire the bonds early? Please give 2 specific reasons.

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What if the bonds are retired early on January 1, 20X3 after the second interest was paid. The cash...

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