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On January 1, Year , DIBA Company had a balance of $572,000 in its Bonds Payable account. During Year 1 DIBA issued bonds with a

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On January 1, Year , DIBA Company had a balance of $572,000 in its Bonds Payable account. During Year 1 DIBA issued bonds with a $184.000 face value. There was no premium or discount associated with the bond issue. The balance in the Bonds Payable account on December 31, Year 1, was $279.000 Required a. Determine the cash outflow for the repayment of bond abilities assuming that the bonds were retired at face value Cashout the moment bonds b. Prepare the financing activities section of the Year 1 statement of cash flow. Amounts to be deducted should be indicated with a minus sign) Cash flows from financing is Net cash flow from financing activities

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