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A $1440000 bond was retired at 98 when the carrying value of the bond was $1418000. The entry to record the retirement would include a
A $1440000 bond was retired at 98 when the carrying value of the bond was $1418000. The entry to record the retirement would include a
loss on bond redemption of $6800.
loss on bond redemption of $22000.
gain on bond redemption of $6800.
gain on bond redemption of $22000.
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