Question: just answer, no need for explanation please and thx you :) Bonds Payable has a balance of $870,000 and Premium on Bonds Payable has a
Bonds Payable has a balance of $870,000 and Premium on Bonds Payable has a balance of $9,570. If the issuing corporation redeems the bonds at 102, what is the amount of gain or loss on redemption? Oa. $7,830 loss Ob. $9,570 loss Oc. $9,570 gain Od. $7,830 gain
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