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A Company Reported That Its Bonds with a Par Value

Question 85

Multiple Choice

A company reported that its bonds with a par value of $50,000 and a carrying value of $57,000 are retired for $60,000 cash,resulting in a loss of $3,000.The amount to be reported under cash flows from financing activities is:


A) ($3,000) .
B) $60,000.
C) ($57,000) .
D) $7,000.
E) ($7,000) .

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