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15 The Titan retires a $24.4 million bond issue when the carrying value of the bonds is $23.0 million, but the market value of the

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15 The Titan retires a $24.4 million bond issue when the carrying value of the bonds is $23.0 million, but the market value of the bonds is $27.6 million. The entry to record the retirement will include: 01:48:28 Multiple Choice No gain or loss on retirement. O A debit of $4.6 million to a loss account A credit to cash for $23.0 million A credit of $4.6 million to a gain account

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