Required: Determine the gain or loss that Health Foods would have reported in its 2009 income statement if it had repurchased (and retired) the debentures at fair value at the end of the fiscal year.

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The Answer of Required: Determine the gain or loss that Health Foods would have reported in its 2009 income statement if it had repurchased (and retired) the debentures at fair value at the end of the fiscal year.

Required: Determine the Gain or Loss That Health Foods Would