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Reference no: EM13825422

A $900,000 bond was retired at 98 when the carrying value of the bond was $888,000. The entry to record the retirement would include a

gain on bond redemption of $12,000.

loss on bond redemption of $12,000.

loss on bond redemption of $6,000.

gain on bond redemption of $6,000.

Reference no: EM13825422

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