Business, 28.12.2019 05:31 chloebaby8

Bonds payable has a balance of $928,000 and discount on bonds payable has a balance of $11,136. if the issuing corporation redeems the bonds at 98, what is the amount of gain or loss on redemption?

a.$11,136 loss
b.$7,424 loss
c.$7,424 gain
d.$11,136 gain

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Bonds payable has a balance of $928,000 and discount on bonds payable has a balance of $11,136. if t...

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