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Knowledge Check 01 A company reported that its bonds with a par value of $40,000 and a carrying value of $52,000 are retired for $60,000

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Knowledge Check 01 A company reported that its bonds with a par value of $40,000 and a carrying value of $52,000 are retired for $60,000 cash, resulting in a loss of $8,000. The amount to be reported under cash flows from financing activities is

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