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Posted on Jun 27, 2024

A $600,000 bond was retired at 96 when the carrying value of the bond was $570,000. The entry to record the retirement would include a

a.loss on bond redemption of $6,000.

b.loss on bond redemption of $30,000

c.gain on bond redemption of $6,000.

d.gain on bond redemption of $30,000.

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