Question: A $ 3 1 2 , 0 0 0 bond was redeemed at 1 0 4 when the carrying value of the bond was $

A $312,000 bond was redeemed at 104 when the carrying value of the bond was $354,000. The entry to record the redemption would include a
a. gain on bond redemption of $42,000.
b. loss on bond redemption of $29,520.
c. gain on bond redemption of $29,520.
d. loss on bond redemption of $42,000.
A $ 3 1 2 , 0 0 0 bond was redeemed at 1 0 4 when

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