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A 900000 bond was retired at 98 when the carrying value of


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.

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Financial Accounting: A 900000 bond was retired at 98 when the carrying value of
Reference No:- TGS01105703

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