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Bonds Payable has a balance of $977,000 and Premium on Bonds Payable has a balance of $10,747. If the issuing corporation redeems the bonds at

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Bonds Payable has a balance of $977,000 and Premium on Bonds Payable has a balance of $10,747. If the issuing corporation redeems the bonds at 103, what is the amount of gain or loss on redemption? Oa. $10,747 gain Ob. $18,563 loss Oc. $10,747 loss Od. $1,006,310 gain

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