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QUESTION 2 When a constructive debt retirement occurs, the consolidated financial statements include: 1. No gains or losses from the debt retirement. 2. Neither the

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QUESTION 2 When a constructive debt retirement occurs, the consolidated financial statements include: 1. No gains or losses from the debt retirement. 2. Neither the bonds payable nor the purchaser's investment in the bonds. 3. Both the bonds payable and the purchaser's investment in the bonds. C4. Gains on the debt retirement, but not losses

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