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14. If a company extinguish a bond issue before its maturity date and the reacquisition price is higher than the carrying value of the bonds,

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14. If a company extinguish a bond issue before its maturity date and the reacquisition price is higher than the carrying value of the bonds, the company will recognize a A. Gain on redemption on bonds. B. Loss on redemption on bonds. C. No gain nor loss on redemption. D. Disclosure note to the financial statements

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