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Drew Co's Bonds Payable has a balance of $850,000 and Premium on Bonds Payable has a balance of $20,000. If the issuing corporation redeems the

Drew Co's Bonds Payable has a balance of $850,000 and Premium on Bonds Payable has a balance of $20,000. If the issuing corporation redeems the bonds at 104, what is the amount of gain or loss on redemption

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