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Bonds Payable has a balance of $990,000 and Premium on Bonds Payable has a balance of $10,890. If the issuing corporation redeems the bonds at

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Bonds Payable has a balance of $990,000 and Premium on Bonds Payable has a balance of $10,890. If the issuing corporation redeems the bonds at 103, what is the amount of gain or loss on redemption? Oa. $18,810 loss Ob. $10,890 loss Oc. $10,890 gain Od. $1,019,700 gain S32 PM

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