it you leave the test. Remaining Time: 1 hour, 53 minutes, 36 seconds. * Question Completion Statuss Moving to another question will save this response. Question 2 of 15 Question 2 1 points Save Answer ABC Inc. has bonds outstanding with a par value of $100,000. The unamortized discount on these bonds is $3,500. The company retired these bonds by buying them on the open market at 97%. What is the gain or loss on this retirement? O A $3,500 loss. O B. $3,500 gain O C $0 gain or loss. OD. $500 loss Moving to another question will save this response. L Moving to another question will save this response. Question 3 When a company purchases machines by issuing a long-term note payable for the entire amount, the transaction should be reported on the statement of cash flows in: O A. operating activities, the first section O B. financing activities, the third section WIENERBES O C. not included in cash flow statement O D. investing activities, the second section L. A Moving to another question will save this response