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

A $300,000 bond was redeemed at 98 when the carrying amount of the bond was $292,000. The entry to record the redemption would include a loss on bond redemption of $4.000 gain on bond redemption of $4,000 gain on bond redemption of S2,000 loss on bond redemption of $2,000

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