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Vaughn Manufacturing acquires 90 Pina Colada's 12%, 5 year, $1000 bonds on January 1, 2022 for $90000. If sells all of its Pina Colada's Bonds

Vaughn Manufacturing acquires 90 Pina Colada's 12%, 5 year, $1000 bonds on January 1, 2022 for $90000. If sells all of its Pina Colada's Bonds for $88900 what gain or loss is recognized? Loss of $1100 Gain of $1100 O Gain of $11900 Loss of $11900

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