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Bonds Payable has a balance of $915,000 and Premium on Bonds Payable has a balance of $10,065. If the issuing corporation redeems the bonds at
Bonds Payable has a balance of $915,000 and Premium on Bonds Payable has a balance of $10,065. If the issuing corporation redeems the bonds at 103, what is the amount of gain or loss on redemption? Oa. $17,385 loss Ob. $10,065 loss Oc. $942,450 gain Od. $10,065 gain
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