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Bonds Payable has a balance of $924,000 and Premium on Bonds Payable has a balance of $10,164. If the issuing corporation redeems the bonds at

Bonds Payable has a balance of $924,000 and Premium on Bonds Payable has a balance of $10,164. If the issuing corporation redeems the bonds at 103, what is the amount of gain or loss on redemption? a.$10,164 gain b.$17,556 loss c.$951,720 gain d.$10,164 loss

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