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A $311,000 bond was redeemed at 104 when the carrying value of the bond was $347,000. The entry to record the redemption would include a

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A $311,000 bond was redeemed at 104 when the carrying value of the bond was $347,000. The entry to record the redemption would include a a. gain on bond redemption of $36,000. b. loss on bond redemption of $23,560. c. gain on bond redemption of $23,560. d. loss on bond redemption of $36,000

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