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) Zero.This is an operating activity.
E) Zero.This is an investing activity.
Correct Answer:
Verified
Correct Answer:
Verified
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