Multiple Choice
Century Ltd has outstanding debentures with a face value of $50,000. If Century redeems the debentures for $55,000 it must record:
A) a gain of $5,000.
B) a gain of $55,000.
C) a loss of $5,000.
D) a loss of $50,000.
Correct Answer:
Verified
Correct Answer:
Verified
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