ctoring Enabled: Final Exam $-$ Fall $2024($i

$4$

The Viper retires a $$50\mathrm{.}2$ million bond issue when the carrying value of the bonds is $$53\mathrm{.}9$ million, but the market value of the bonds is $$47\mathrm{.}0$ million. The retirement will include:

$00$:$27$:$56$

Multiple Choice

No gain or loss on retirement.

an increase in cash of $$53\mathrm{.}9$ million.

a loss of $$6\mathrm{.}9$ million.

$$ a gain of $$6\mathrm{.}9$ million.