The titan retires a $20 million bond issue when the carrying value of the bonds is $18 million, but the market value of the bonds is $23 million. the entry to record the retirement will include: b.
group of answer choices
a. a credit of $5 million to a gain account.
b. a credit to cash for $18 million.
c. a debit of $5 million to a loss account.
d. no gain or loss on retirement.