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Bonds Payable has a balance of $918,000 and Premium on Bonds Payable has a balance of $10,098. If the issuing corporation redeems the bonds at

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Bonds Payable has a balance of $918,000 and Premium on Bonds Payable has a balance of $10,098. If the issuing corporation redeems the bonds at 103, what is the amount of gain or loss on redemption? a. $10,098 loss Ob. $17,442 loss c. $945,540 gain d. $10,098 gain

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