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What was the gain or loss on the early extinguishment

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Question - Touché, Inc. issued 9%, $1,300,000 bonds for $1,600,000. Touché reacquired these bonds for $1,365,000 when their book value was $1,436,500. What was the gain or loss on the early extinguishment of this debt?

Reference no: EM132067982

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