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What is the amount of gain or loss on redemption

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Reference no: EM132170214

Question - Bonds Payable has a balance of $855,000 and Discount on Bonds Payable has a balance of $29,070. If the issuing corporation redeems the bonds at 96, what is the amount of gain or loss on redemption? Enter a loss as a negative amount.

Reference no: EM132170214

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