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Calculator Bonds Payable has a balance of $905,000 and Premium on Bonds Payable has a balance of $9,955. If the issuing corporation redeems the bonds

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Calculator Bonds Payable has a balance of $905,000 and Premium on Bonds Payable has a balance of $9,955. If the issuing corporation redeems the bonds at 103, what is the amount of gain or loss on redemption? a. $9,955 gain b. $9,955 loss c. $932,150 gain d. $17,195 loss

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