Question
A company reported that its bonds with a face value of $66,000 and a carrying value of $57,000 are retired for $64,000 cash. The amount
A company reported that its bonds with a face value of $66,000 and a carrying value of $57,000 are retired for $64,000 cash. The amount to be reported under cash flows from financing activities is:
a)$73,000
b)$7,000
c)$64,000
d)$0. This is an operating activity.
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Marketing Research
Authors: David A. Aaker, V. Kumar , George S. Day
8th Edition
047123057X, 9780471230571
