Question
If 2450000 of bonds are issued during the year but 3920000 of previous issued bonds are retired during the year, the statement of cash flows
If 2450000 of bonds are issued during the year but 3920000 of previous issued bonds are retired during the year, the statement of cash flows will show?
1. net loss on retirement of bond of 1470000
2. net decrease in cash of 1470000
3. increase in cash of 2450000 and a decrease in cash of 3920000
4. net increase in cash of 1470000
how do you calculate again? thank you
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Data Analysis And Decision Making
Authors: Christian Albright, Wayne Winston, Christopher Zappe
4th Edition
538476125, 978-0538476126
