Why is there no gain or loss when bonds are redeemed at maturity, but there usually is

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Why is there no gain or loss when bonds are redeemed at maturity, but there usually is a gain or loss when bonds are redeemed before maturity?
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Accounting Principles Part 3

ISBN: 978-1118306802

6th Canadian edition Volume 1

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow

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