A 600000 bond was retired at 97 when the carrying value of

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A $600,000 bond was retired at 97 when the carrying value of the bond was $590,000. The entry to record the retirement would include a

A) gain on bond redemption of $10,000.

B) gain on bond redemption of $8,000.

C) loss on bond redemption of $10,000.

D) loss on bond redemption of $8,000.

Reference no: EM13388468

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