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The Raptor retires a $ 2 0 million bond issue when the carrying value of the bonds is $ 1 8 million, but the market
The Raptor retires a $ million bond issue when the carrying value of the bonds is $ million, but the market value of the bonds is $ million. The retirement will include:
a loss of $ million.
a gain of $ million.
No gain or loss on retirement.
a decrease to cash of $ million.
a gain of $ million.
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