Multiple Choice
In 2010, Tame Co.took advantage of market conditions to refund its outstanding debt.Wild should report the excess of the carrying amount of the old debt over the amount paid to extinguish it as a(n)
A) deferred credit to be amortized over life of new debt
B) part of continuing operations
C) extraordinary item, net of income taxes
D) prior period adjustment
Correct Answer:
Verified
Correct Answer:
Verified
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