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A $299,000 bond was redeemed at 98 when the carrying value of the bond was $291,525. The entry to record the redemption would include a

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A $299,000 bond was redeemed at 98 when the carrying value of the bond was $291,525. The entry to record the redemption would include a a. gain on bond redemption of $5,980. b. loss on bond redemption of $1,495. C. loss on bond redemption of $7,475. d. gain on bond redemption of $1,495

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