Question: A $ 5 9 0 0 0 0 bond was retired at 9 8 when the carrying value of the bond was $ 5 8

A $590000 bond was retired at 98 when the carrying value of the bond was $585000. The entry to record the retirement would include a
gain on bond redemption of $5000.
loss on bond redemption of $6800.
loss on bond redemption of $5000.
gain on bond redemption of $6800.
A $ 5 9 0 0 0 0 bond was retired at 9 8 when the

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