A $600000 Bond Was Retired at 98 When the Carrying

question 87

Multiple Choice

A $600000 bond was retired at 98 when the carrying value of the bond was $590000. The entry to record the retirement would include a

• A) gain on bond redemption of $10000.
• B) loss on bond redemption of $10000.
• C) loss on bond redemption of $2000.
• D) gain on bond redemption of $2000.

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