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1-3-7 If $912000 of bonds are issued during the year but $1900000 of old bonds are retired during the year, the statement of cash flows

1-3-7

If $912000 of bonds are issued during the year but $1900000 of old bonds are retired during the year, the statement of cash flows will show a(n)

net increase in cash of $988000.

increase in cash of $912000 and a decrease in cash of $1900000.

net decrease in cash of $912000.

net loss on retirement of bonds of $988000.

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