September 15, 2024
1. A $600,000 bond was retired at 98 when the carrying value of the bond was $592,000. The entry to record the retirement would include a (Points : 2) gain on bond redemption of $8,000. loss on bond redemption of $8,000. loss on bond redemption of $4,000. gain on bond redemption of $4,000.Question 2. 2.