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Bonds Payable has a balance of $949,000 and Discount on Bonds Payable has a balance of $9.490. If the issuing corporation redeems the bonds at

Bonds Payable has a balance of $949,000 and Discount on Bonds Payable has a balance of $9.490. If the issuing corporation redeems the bonds at 97.5, what is the amount of gain or loss on redemption? Os. $14.235 loss Ob. $9.490 gain Oc. $14,235 rain Od. $9.490 loss

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