Multiple Choice
A company reported that its bonds with a face value of $50,000 and a carrying value of $53,000 are retired for $56,000 cash.The amount to be reported under cash flows from financing activities is:
A) ($53,000) .
B) ($3,000) .
C) ($56,000)
D) $0; this is an operating activity.
Correct Answer:
Verified
Correct Answer:
Verified
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