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  3. bonds payable has a balance of $898,000 and discou

Bonds Payable has a balance of $898,000 and Discount on Bonds Payable has a balance...

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Accounting

Bonds Payable has a balance of $898,000 and Discount on Bonds Payable has a balance of $20,170. If the issuing corporation redeems the bonds at 97, what is the amount of gain or loss on redemption? Enter a loss as a negative amount.

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