Question: 7 Current Attempt in Progress A gain on extinguishment will be recorded when the reacquisition price is greater than the face value of the bond.

7 Current Attempt in Progress A gain on extinguishment will be recorded when the reacquisition price is greater than the face value of the bond. the reacquisition price is greater than the carrying value of the bond. the reacquisition price is less than the carrying value of the bond. the reacquisition price equals the carrying value of the bond. 1 +

urrent Attempt in Progress A gain on extinguishment will be recorded when the reacquisition price is greater than the face value of the bond. the reacquisition price is greater than the carrying value of the bond. the reacquisition price is less than the carrying value of the bond. the reacquisition price equals the carrying value of the bond

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