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A company reported that its bonds with a par value of $50,000 and a carrying value of $63,000 are retired for $67,200 cash, resulting in
A company reported that its bonds with a par value of $50,000 and a carrying value of $63,000 are retired for $67,200 cash, resulting in a loss of $4,200. The amount to be reported under cash flows from financing activities is:
Multiple Choice
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$(67,200).
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$(63,000).
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$(4,200).
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$(13,000).
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