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 amount 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.