A Company Reported That Its Bonds with a Face Value

question 203

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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