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Which of the following statement(s) is/are correct regarding retiring of bonds? a. The loss is reported on the income statement under other income and expenses.

Which of the following statement(s) is/are correct regarding retiring of bonds?

a. The loss is reported on the income statement under other income and expenses. b. If the cash paid is less than the bonds book value, a gain is recorded. c. All of the available choices. d. The debit to bonds payable and the credit to discount on bonds payable are to remove both items from the balance sheet.

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