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A $286,000 bond was redeemed at 98 when the carrying amount of the bond was $281,710 What amount of gain or loss would be recorded

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A $286,000 bond was redeemed at 98 when the carrying amount of the bond was $281,710 What amount of gain or loss would be recorded as part of this transaction? Select the correct answer. loss on bond redemption of $1,430. gain on bond redemption of $1,430. gain on bond redemption of $5,720. loss on bond redemption of $4,290

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