A Company Reported That Its Bonds with a Par Value

question 85

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).
• B)$60,000.
• C)($57,000).
• D)$7,000.
• E)($7,000).

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Definitions:

Bad Mood

A temporary emotional state characterized by feelings of sadness, irritability, or displeasure.

Discouraged

Feeling a loss of confidence or enthusiasm; disheartened.

Depressed

A state of low mood and aversion to activity that can affect a person's thoughts, behavior, feelings, and sense of well-being.

Multiple Intelligences

A theory by Howard Gardner suggesting that intelligence is not a single entity but consists of various distinct types, each one representing different ways of processing information.