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A $300,000 bond was redeemed at 98 when the carrying value of the bond was $292,500. The entry to record the redemption would include a

A $300,000 bond was redeemed at 98 when the carrying value of the bond was $292,500. The entry to record the redemption would include a Oa. a. gain on bond redemption of $1,500. Ob. loss on bond redemption of $7,500. Oc. gain on bond redemption of $6,000. Od. loss on bond redemption of $1,500

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