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A $286,000 bond was redeemed at 98 when the carrying value of the bond was $278,850. The entry to record the redemption would include

A $286,000 bond was redeemed at 98 when the carrying value of the bond was $278,850. The entry to record the redemption would include a Oa. gain an bond redemption of $5,720. Ob. gain on bond redemption of $1,430. Oc. loss on bond redemption of $7,150. Od. loss on bond redemption of $1,430.

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