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A $307,000 bond was redeemed at 103 when the carrying amount of the bond was $318,973. What amount of gain or loss would be recorded

A $307,000 bond was redeemed at 103 when the carrying amount of the bond was $318,973. What amount of gain or loss would be recorded as part of this transaction? Select the correct answer. gain on bond redemption of $2,763. gain on bond redemption of $11,973. loss on bond redemption of $2,763. loss on bond redemption of $11,973.

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