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9. Gains and losses from the early extinguishment (retirement) of debt should be: a. Recognized in income in the period of extinguishment. b. Recognized as

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9. Gains and losses from the early extinguishment (retirement) of debt should be: a. Recognized in income in the period of extinguishment. b. Recognized as other comprehensive income in the period of extinguishment. c. Amortized over the remaining original life of the extinguished issue. d. Amortized over the life of the new issue. e. None of the above

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