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When one company purchases the debt of an affiliate from an unrelated party, a gain or loss on the constructive retirement of debt is recognized

When one company purchases the debt of an affiliate from an unrelated party, a gain or loss on the constructive retirement of debt is recognized by which of the following?

Issuing Affilate Purchasing Affilate Consolidated Enity

A No No Yes

B Yes Yes No

C No No No

D Yes Yes Yes

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