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Content Area Bonds Payable has a balance of $984,000, and Premium on Bonds Payable has a balance of $10,824. If the issuing corporation redeems the

Content Area Bonds Payable has a balance of $984,000, and Premium on Bonds Payable has a balance of $10,824. If the issuing corporation redeems the bonds at 102, what is the amount of gain or loss on redemption? a. $8,856 loss b. $8,856 gain c. $10,824 gain d. $10,824 loss

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