On February 1, 2016, White Rock Company retired some bonds it had outstanding.How should this event be reflected in White Rock's December 31, 2015, financial statements?
A) Disclosed as a contingent gain.
B) Disclosed as a subsequent event.
C) Accrued as a gain on bond retirement.
D) It is not reflected in White Rock's financial statement.
Correct Answer:
Verified
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