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A $295,000 bond was redeemed at 98 when the carrying amount of the bond was $287,625. The entry to record the redemption would include

A $295,000 bond was redeemed at 98 when the carrying amount of the bond was $287,625. The entry to record the redemption would include a Oa. gain on bond redemption of $1.475 Ob. loss on bond redemption of $7.375 Oc. loss on bond redemption of $1,475 Od. gain on bond redemption of $7.375

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