There is a loss on redemption of bonds when bonds are redeemed above carrying value.

Name: There is a loss on redemption of bonds when bonds are redeemed above carrying value.
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When bonds are redeemed above carrying value, there is a loss on the redemption of bonds. This is because the company has to pay more than the amount that the bonds were recorded on the balance sheet. The difference between the redemption price and the carrying value is recognized as a loss on redemption of bonds.

There Is a Loss on Redemption of Bonds When Bonds