Question
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
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