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13. A $500,000 bond was retired at 102 when the carrying value of the bond was $495,000. The entry to record the retirement would include

13. A $500,000 bond was retired at 102 when the carrying value of the bond was $495,000. The entry to record the retirement would include a a. gain on bond redemption of $15,000. b. loss on bond redemption of $15,000. c. loss on bond redemption of $5,000. d. gain on bond redemption of $5,000. D. X8

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