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Bonds Payable has a balance of $978,000, and Premium on Bonds Payable has a balance of $10,758. If the issuing company redeems the bonds

Bonds Payable has a balance of $978,000, and Premium on Bonds Payable has a balance of $10,758. If the issuing company redeems the bonds at 102, what is the amount of gain or loss on redemption? O $10,755 Ob 58,800 O= $8.402 gain Od $10,758 gain

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