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Bonds Payable has a balance of $997,000 and Discount on Bonds Payable has a balance of $9,970. If the issuing corporation redeems the bonds at

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Bonds Payable has a balance of $997,000 and Discount on Bonds Payable has a balance of $9,970. If the issuing corporation redeems the bonds at 97.5, what is the amount of gain or loss on redemption? Oa. 59.970 lows Ob. $14.955 loss Oc. $9.970 gan Od. $14.955 gain

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