I need answer ASAP! A $287,000 bond was redeemed at 98 when the carrying...
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I need answer ASAP!
A $287,000 bond was redeemed at 98 when the carrying amount of the bond was $279,825. The entry to record the redemption would include a Oa. gain on bond redemption of $7.175. Ob. gain on bond redemption of $1,435. Oc loss on bond redemption of $7.175. Od loss on bond redemption of S1,435
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