Question: A $ 8 8 0 0 0 0 bond was redeemed at 9 4 when the carrying value of the bond was $ 8 4

A $880000 bond was redeemed at 94 when the carrying value of the bond was $848000. The entry to record the redemption would include a
gain on bond redemption of $32000.
loss on bond redemption of $20800.
gain on bond redemption of $20800.
loss on bond redemption of $32000.
A $ 8 8 0 0 0 0 bond was redeemed at 9 4 when the

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