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Bonds Payable has a balance of $1,010,000 and Discount on Bonds Payable has a balance of $10,100. If the issuing corporation redeems the bonds at

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Bonds Payable has a balance of $1,010,000 and Discount on Bonds Payable has a balance of $10,100. If the issuing corporation redeems the bonds at 97.5, what is the amount of gain or loss on redemption? a. $15,150 loss Ob. $10,100 gain c. $10,100 loss Od. $15,150 gain

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