A Company Reported That Its Bonds with a Face Value

question 12

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.

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Definitions:

Copyright Fees

Charges paid to copyright holders for the right to use their creative works, such as music, writing, or software.

Independent Artists

Musicians, painters, or other artists who work and produce without being attached to major companies or galleries, often emphasizing personal creative freedom.

National Interest

The geopolitical, economic, or cultural goals and objectives that a nation seeks to protect and achieve, as perceived by its government or populace.

Cross-Culturally

Pertains to or involving the comparison or analysis of different cultures, often to understand cultural diversity or similarities.