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:

Activity Levels

The degree to which an individual engages in physical movement that can range from sedentary to highly active behavior.

Rough-and-Tumble Play

Rough-and-tumble play is a form of play that appears rough, involving chase and play-fighting, but is actually cooperative and helps in children's social development.

Activity Levels

The degree of physical movement or energy expenditure, which can vary significantly among individuals and is considered a trait of temperament.

Motor Vehicle Accidents

Incidents involving road vehicles that result in property damage, injury, or death.