When one company purchases the debt of an affiliate from an unrelated party, a gain or loss
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Question:
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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