Carrying value of the bond

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Reference no: EM13776878

A $750,000 bond was retired at 103 when the carrying value of the bond was $777,500. The entry to record the retirement would include a

loss on bond redemption of $22,500.

gain on bond redemption of $5,000.

loss on bond redemption of $5,000.

gain on bond redemption of $22,500.

Reference no: EM13776878

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