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The Raptor retires a $20 million bond issue when the carrying value of the bonds is $18 million, but the market value of the bonds

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The Raptor retires a $20 million bond issue when the carrying value of the bonds is $18 million, but the market value of the bonds is $15 million. The entry to record the retirement will include: Muliple Choice c ) A debit of $3 million to a loss account Acredit of $3 million to gain account O C ) No gain or loss on retirement O O A credit to cah for $million

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