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Bonds Payable has a balance of $923,000 and Discount on Bonds Payable has a balance of $11,076. If the issuing corporation redeems the bonds at

Bonds Payable has a balance of $923,000 and Discount on Bonds Payable has a balance of $11,076. If the issuing corporation redeems the bonds at 98, what is the amount of gain or loss on redemption? a. $11,076 loss b. $7,384 loss c. $11,076 gain d. $7,384 gain

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