题目内容

Which of the following statements concerning early debt retirement is least accurate（）

A. When debt is retired prior to maturity at its book value, no gain or loss is reported on the transaction.
B. Under U. S. GAAP, an accounting gain or loss will usually be recorded for in substance defeasance.
C. If a firm retires non-callable debt because interest rates have changed, there is usually no economic gain on the transaction.

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