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Which entry to record the retirement would include a

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Reference no: EM132835605

Problem 1: A $300,000 bond was retired at 98 when the carrying value of the bond was $296,000. The entry to record the retirement would include a

a) gain on bond redemption of $2,000.

b) loss on bond redemption of $2,000.

c) gain on bond redemption of $4,000.

d) loss on bond redemption of $4,000.

Reference no: EM132835605

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