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A $832000 bond was retired at 98 when the carrying value of the bond was $857000. The entry to record the retirement would include a

A $832000 bond was retired at 98 when the carrying value of the bond was $857000. The entry to record the retirement would include a O gain on bond redemption of $25000 O loss on bond redemption of $41640. O gain on bond redemption of $41640. O loss on bond redemption of $25000

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