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Bonds Payable has a balance of $1,139,000 and Discount on Bonds Payable has a balance of $11,390. If the issuing corporation redeems the bonds at

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Bonds Payable has a balance of $1,139,000 and Discount on Bonds Payable has a balance of $11,390. If the issuing corporation redeems the bonds at 97.5, what is the amount of gain or loss on redemption? Oa. $11,390 loss Ob. $17,085 gain Oc. $11,390 gain Od. $17,085 loss

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