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Posted on Jul 22, 2024

A $283,000 bond was redeemed at 104 when the carrying value of the bond was $358,000. The entry to record the redemption would include a

a.loss on bond redemption of $75,000.

b.gain on bond redemption of $63,680.

c.loss on bond redemption of $63,680.

d.gain on bond redemption of $75,000.

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