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What is the amount of gain or loss on redemption

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Question - Bonds Payable has a balance of $919,000 and Discount on Bonds Payable has a balance of $9,190. If the issuing corporation redeems the bonds at 97.5, what is the amount of gain or loss on redemption?

a. $9,190 gain

b. $13,785 loss

c. $13,785 gain

d. $9,190 loss

Reference no: EM132556428

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