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11. Bonds Payable has a balance of $950,000 and Discount on Bonds Payable has a balance of $14.000 If the issuing corporation redeems the bonds

11. Bonds Payable has a balance of $950,000 and Discount on Bonds Payable has a balance of $14.000 If the issuing corporation redeems the bonds at 98, what is the amount of gain or loss on redemption? Enter a loss as a negative amount

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