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A $318000 bond was retired at 98 when the amortized cost of the bond was $313760. The entry to record the retirement would include a

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A $318000 bond was retired at 98 when the amortized cost of the bond was $313760. The entry to record the retirement would include a gain on bond redemption of $2120. loss on bond redemption of $2120. O loss on bond redemption of $1060. O gain on bond redemption of $1060

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