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A $316,000 bond was redeemed at 104 when the carrying value of the bond was $354,000. The entry to record the redemption would include a

A $316,000 bond was redeemed at 104 when the carrying value of the bond was $354,000. The entry to record the redemption would include a a. loss on bond redemption of $25,360. Ob. gain on bond redemption of $25,360. Oc. gain on bond redemption of $38,000. Od. loss on bond redemption of $38,000

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