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Bonds Payable has a balance of $987,000 and Premium on Bonds Payable has a balance of $10,857. If the issuing corporation redeems the bonds at
Bonds Payable has a balance of $987,000 and Premium on Bonds Payable has a balance of $10,857. If the issuing corporation redeems the bonds at 103, what is the amount of gain or loss on redemption? Oa. $10,857 loss Ob. $1,016,610 gain Oc. $18,753 loss Od. $10,857 gain
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