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The Titan retires a $25.6 million bond issue when the carrying value of the bonds is $211 million, but the market value of the bonds
The Titan retires a $25.6 million bond issue when the carrying value of the bonds is $211 million, but the market value of the bonds is $27 million. The entry to record the retirement will include: Multiple Choice No gain or loss on retirement A credit of $60 million to a gain account O A debit of $6.0 million to a loss account A credit to cash for $211 million
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