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A $555000 bond was retired at 98 when the carrying value of the bond was $545000. The entry to record the retirement would include a

image text in transcribed A $555000 bond was retired at 98 when the carrying value of the bond was $545000. The entry to record the retirement would include a gain on bond redemption of $10000. O loss on bond redemption of $10000. O loss on bond redemption of $1100. O gain on bond redemption of $1100

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