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What is the amount of gain or loss on redemption

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Reference no: EM132182033

Question - Bonds Payable has a balance of $948,000 and Discount on Bonds Payable has a balance of $11,376. If the issuing corporation redeems the bonds at 98, what is the amount of gain or loss on redemption?

Reference no: EM132182033

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What is the amount of gain or loss on redemption : Bonds Payable has a balance of $11,376. If the issuing corporation redeems the bonds at 98, what is the amount of gain or loss on redemption
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