Question
A company reported that its bonds with a face value of $68,000 and a carrying value of $57,500 are retired for $65,000 cash. The amount
A company reported that its bonds with a face value of $68,000 and a carrying value of $57,500 are retired for $65,000 cash. The amount to be reported under cash flows from financing activities is:
A. ($75,500)
B. ($7,500)
C. ($65,000)
D. $0. This is an operating activity.
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Security And Audit Field Manual
Authors: Alex Meyer, Mark Polino
1st Edition
B0B72Q3V4M, 979-8841258483
