Question
A company reported that its bonds with a face value of $78,000 and a carrying value of $60,000 are retired for $70,000 cash. The amount
A company reported that its bonds with a face value of $78,000 and a carrying value of $60,000 are retired for $70,000 cash. The amount to be reported under cash flows from financing activities is:
A. $88,000)
B. ($10,000)
C. ($70,000)
D. $0. This is an operating activity.
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Benfords Law
Authors: Mark J. Nigrini
1st Edition
1118152859, 9781118152850
