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A company has bonds with a principal value of $500,000 outstanding. The unamortized premium on the bonds is $12,000. The company redeemed the bonds at

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A company has bonds with a principal value of $500,000 outstanding. The unamortized premium on the bonds is $12,000. The company redeemed the bonds at 102. What is the company's gain or loss on the redemption? o $4,000 gain $4,000 loss O $34,000 loss $2,000 gain $34,000 gain

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