Gains or losses on bond redemption are reported separately as a non-operating item in the income statement.

Name: Gains or losses on bond redemption are reported separately as a non-operating item in the income statement.
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Gains or losses on bond redemption are considered non-operating items and are reported separately on the income statement. This is because they are not related to the primary operating activities of the business.

Gains or Losses on Bond Redemption Are Reported Separately as a Non-Operating