Question: A corporation recognizes a gain or loss Select one: a. only when bonds are converted into common stock. b. only when bonds are redeemed before

A corporation recognizes a gain or loss
Select one:
a. only when bonds are converted into common stock.
b. only when bonds are redeemed before maturity.
c. when bonds are converted into common stock and when they are redeemed before maturity.
d. when bonds are redeemed at or before maturity.

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