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Bernard Company has redeemed bonds at 102. The bonds have a face value of $750,000, unamortized premium of $6,000, and accrued interest of $25,000. 1.

Bernard Company has redeemed bonds at 102. The bonds have a face value of $750,000, unamortized premium of $6,000, and accrued interest of $25,000.

1. Will Bernard Company record a gain or loss?

2.What is the amount of gain or loss?

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