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  • 17-12-2022
  • Mathematics
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Bonds Payable has a balance of $810,000, and Premium on Bonds Payable has a balance of $8,910. If the issuing corporation redeems the bonds at 102, what is the amount of gain or loss on redemption?
a. $8,910 gain
b. $8,910 loss
c. $7,290 loss
d. $7,290 gain

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