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A $289,000 bond was redeemed at 104 when the carrying value of the bond was $350,000. The entry to record the redemption would include a

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A $289,000 bond was redeemed at 104 when the carrying value of the bond was $350,000. The entry to record the redemption would include a a. loss on bond redemption of $49,440. b. gain on bond redemption of $61,000. C. gain on bond redemption of $49,440. d. loss on bond redemption of $61,000

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