33074.jpg 98512.jpg Question D:1207673 question #59 of 120 copper, Inc. had $4 million in bonds outstanding that were convertible into common stock at a conversion rate of 100 shares per $1.000 bond. In 20X1. all of the outstanding bonds were converted into common stock. Copper's average share price for 20x1 was $15. Copper's statement of cash flows for the year ended December 31, 20x1, should most likely include: A) a footnote describing the conversion of the bonds into common stock. B) cash flows from financing of +54 million from issuance of common stock and -$4 million from retirement of bonds. cash flows from financing of +56 million from issuance of common stock and -54 million from retirement of bonds c) and cash flows from investing of - $2 million for a loss on retirement of bonds. Question #60 of 120 Question ID: 1207675 During a period of falling costs of manufacturing, which of the following inventory cost formulas would result in the greatest reported net income? A) LIFO B) FIFO C) Average cost