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Augusta Company Reported That Its Bonds with a Face Value

Question 122

Multiple Choice

Augusta Company reported that its bonds with a face value of $40,000 and a carrying value of $42,400 are retired for $44,800 cash.The amount to be reported under cash flows from financing activities is:


A) ($42,400) .
B) ($2,400) .
C) ($44,800) .
D) $0;this is an operating activity.

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