The Viper retires a $497 million bond issue when the carrying value of the bonds is $53.0 million, but the market value of the bonds Is $47.2 million. The entry to record the retirement will Include:...

Extracted text: The Viper retires a $497 million bond issue when the carrying value of the bonds is $53.0 million, but the market value of the bonds Is $47.2 million. The entry to record the retirement will Include: Multiple Choice No gain or loss on retirement. A debit of $58 million to a loss account A credit of $5.8 million to a gain account A credit to cash for $53.0 milion < prev="" 30="" of="" 50="" nent=""> pe here to search Ps Ps 39% ***2 PriSc & 8 3 R IT Y U P G H. IK V M つ B