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A $618000 bond was retired at 98 when the carrying value of the bond was $608000. The entry to record the retirement would include a

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A $618000 bond was retired at 98 when the carrying value of the bond was $608000. The entry to record the retirement would include a gain on bond redemption of $10000. loss on bond redemption of $2360. loss on bond redemption of $10000. gain on bond redemption of $2360

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