When bonds are redeemed by the issuer prior to their maturity date, any gain or loss on the redemption, if material, is
a. amortized over the period remaining to maturity and reported as an extraordinary item in the income statement.
b. amortized over the period remaining to maturity and reported as part of income from continuing operations in the income statement.
c. reported in the income statement as an extraordinary item in the period of redemption.
d. reported in the income statement as part of income from continuing operations in the period of redemption.
D
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Indicate whether the statement is true or false
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