If $250000 of Bonds Are Issued During the Year but $130000

question 102

Multiple Choice

If $250000 of bonds are issued during the year but $130000 of old bonds are retired during the year the statement of cash flows will show a(n)

• A) net increase in cash of $120000.
• B) net decrease in cash of $120000.
• C) increase in cash of $250000 and a decrease in cash of $130000.
• D) net gain on retirement of bonds of $120000.

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Definitions:

IMC Program

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Pretest

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