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Bonds Payable has a balance of $985,000 and Premium on Bonds Payable has a balance of $10,835. If the issuing corporation redeems the bonds at

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Bonds Payable has a balance of $985,000 and Premium on Bonds Payable has a balance of $10,835. If the issuing corporation redeems the bonds at 103 , what is the amount of gain or loss on redemption? a. $10,335 lats b. $1.014.550gan c. 512,715 last d. 510235 gain

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