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Bonds Payable has a balance of $919,000 and Discount on Bonds Payable has a balance of $11,028. If the issuing corporation redeems the bonds at

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Bonds Payable has a balance of $919,000 and Discount on Bonds Payable has a balance of $11,028. If the issuing corporation redeems the bonds at 98 , what is the amount of gain or loss on redemption? a. \$11,028 gain b. $11,028 loss c. $7,352 loss d. $7,352 gain

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