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Bushman, Inc., issues $400,000 of 8% bonds that pay interest semiannually and mature in 10 years. Which of the following describe the effect of the
Bushman, Inc., issues $400,000 of 8% bonds that pay interest semiannually and mature in 10 years. Which of the following describe the effect of the transaction on financial statements? Increase cash assets and increase noncurrent liabilities Decrease cash assets and decrease noncurrent liabilities Increase cash assets and decrease noncurrent liabilities Decrease cash assets and increase noncurrent liabilities Stock repurchase Increases common stock None of these Increases preferred stock Increases treasury stock
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