Bonds payable has a balance of $1,137,000 and discount on bonds payable has a balance of $13,644. if the issuing corporation redeems the bonds at 98, what is the amount of gain or loss on redemption?

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06-09-2022
Business

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Bonds payable has a balance of $1,137,000 and discount on bonds payable has a balance of $13,644. if the issuing corporation redeems the bonds at 98, what is the amount of gain or loss on redemption?

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