Flash Speed Questions

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, inc. retires a $15 million (face value) bond issue when the carrying value of the bonds is $13 million, but the market value of the bonds is $16 million. the entry to record the retirement will include: select one: a. a gain of $2 million b. a loss of $2 million c. a loss of $4 million d. a gain of $4 million e. a loss of $3 million Get the answer
Category: mechanicalengineering | Author: Hedda Galya

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