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bonds payable has a balance of $954,000 and premium on bonds payable has a balance of $10,494. if the issuing corporation redeems the bonds at

bonds payable has a balance of $954,000 and premium on bonds payable has a balance of $10,494. if the issuing corporation redeems the bonds at 103, what is the face amount of gain or loss on redemption? a. $10,494 gain b. $982,620 gain c. $18,126 loss d. $10,494 loss

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