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In March 2012, Yoshiro Inc.. decided to retire an outstanding bond issue before maturity. The coupon rate on the bond issue was 5%. The bond
In March 2012, Yoshiro Inc.. decided to retire an outstanding bond issue before maturity. The coupon rate on the bond issue was 5%. The bond was issued in 2011 at an effective interest rate of 6%. On the day Yoshiro retired the bond issue, the market interest rate was 4%.
Which of the following items would bedecreasedby the bond retirement transaction? (check all that apply)
Bonds Payable
Cash from Financing Activities
Cash from Investing Activities
Cash from Operating Activities
Net Income
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