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

Name: There is a loss on redemption of bonds when bonds are redeemed above the carrying amount.
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When bonds are redeemed above the carrying amount, there is a loss on redemption of bonds. This is because the carrying amount represents the amount at which the bonds were originally recorded on the balance sheet, and any redemption above this amount will result in a loss for the company.

There Is a Loss on Redemption of Bonds When Bonds