A Company Reported That Its Bonds with a Par Value

question 123

Multiple Choice

A company reported that its bonds with a par value of $50,000 and a carrying value 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 outflow.
• B)$60,000 outflow.
• C)$57,000 outflow.
• D)Zero.This is an operating activity.
• E)Zero.This is an investing activity.

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Definitions:

Advantaged

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The uncontrolled spread of genetic material beyond its intended area, particularly the introduction of genetically modified organisms (GMOs) into the wild, potentially causing harm to native species and biodiversity.

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A genetic engineering technique that involves cutting and joining fragments of DNA from different sources to incorporate new traits into an organism.