The Viper retires a $50.4 million bond issue when the carrying value of the bonds...
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Accounting
The Viper retires a $50.4 million bond issue when the carrying value of the bonds is $52.3 million, but the market value of the bonds is $47.3 million. The retirement will include:
Multiple Choice
an increase in cash of $52.3 million.
a gain of $5.0 million.
a loss of $5.0 million.
No gain or loss on retirement.
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