A Company Reported That Its Bonds with a Par Value

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