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Bonds Payable has a balance of $806,000 and Discount on Bonds Payable has a balance...

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Accounting

Bonds Payable has a balance of $806,000 and Discount on Bonds Payable has a balance of $9,672. If the issuing corporation redeems the bonds at 98, what is the amount of gain or loss on redemption? a. $9,672 gain b. $6,448 gain c. $6,448 loss d. $9,672 loss

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