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2 3 points Silver Company purchased as a short-term investment $850,000 of 8% bonds, dated July 1 , on July 1,2024 . Management intends to

2\ 3 points\ Silver Company purchased as a short-term investment

$850,000

of

8%

bonds, dated July 1 , on July 1,2024 . Management intends to include the investment in a short-term, active trading portfolio. For bonds of similar risk and maturity the market yield was

10%

. The price paid for the bonds was

$744,072

on July 1,2024 . Interest is received semiannually on June 30 and December 31. Due to changing market conditions, the fair value of the bonds at December 31, 2024, was

$750,000

. The amount of cash inflows (outflows) listed under operating activities related to the bond investment on statement of cash flows for the year ended on December 31, 2024 should be:\

$750,000

\

$(775,072)

\

$30,000

\

$(710,072)

\ Clear my selection

image text in transcribed
Silver Company purchased as a short-term investment $850,000 of 8% bonds, dated July 1 , on July 1,2024 . Management intends to include the investment in a short-term, active trading portfolio. For bonds of similar risk and maturity the market yield was 10%. The price paid for the bonds was $744,072 on July 1,2024 . Interest is received semiannually on June 30 and December 31. Due to changing market conditions, the fair value of the bonds at December 31, 2024, was $750,000. The amount of cash inflows (outflows) listed under operating activities related to the bond investment on statement of cash flows for the year ended on December 31, 2024 should be: $750,000 $(775,072) $30,000 $(710,072) Clear my selection

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