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Bonds Payable has a balance of $1,134,000 and Discount on Bonds Payable has a balance of $13,608. If the issuing corporation redeems the bonds at

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Bonds Payable has a balance of $1,134,000 and Discount on Bonds Payable has a balance of $13,608. If the issuing corporation redeems the bonds at 98, what is the amount of gain or loss on redemption? Select the correct answer $9,072 loss $9,072 gain $13,608 gain O$13,608 loss A 6:00 PM

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