The Titan retires a $25.9 million bond issue when the carrying value of the bonds is $21.3 million, but the market value of the bonds is $27.3 million. The entry to record the retirement will include:

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The Titan retires a $25.9 million bond issue when the carrying value of the bonds is $21.3 million, but the market value of the bonds is $27.3 million. The entry to record the r…

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