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A $279,000 bond was redeemed at 98 when the carrying value of the bond was $272,025. The entry to record the redemption would include a

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A $279,000 bond was redeemed at 98 when the carrying value of the bond was $272,025. The entry to record the redemption would include a Oa. loss on bond redemption of $6,975. Ob. gain on bond redemption of $5,580. Oc. loss on bond redemption of $1,395. Od. gain on bond redemption of $1,395

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