Question 10 (3 points) The issuance of bonds is classified in the Statement of Cash Flows as a(n) operating activity. financing activity. investing activity. non-cash activity. Question 11 (3 points) If a company's bonds are callable, the bondholder has the right to sell an option on the bond. the issuing company is likely to retire the bonds before maturity if the bonds are paying 8% interest while the market rate of interest is 4%. the bonds are never allowed to remain outstanding until the maturity date. the investor never knows what the redemption price will be until the bonds are actually called. Question 12 (3 points) Par value represents the arbitrary amount that establishes a minimum price for the stock when it is first issued. O current market price of the stock. amount for which any treasury shares have been acquired by the corporation. amount for which treasury shares may be reissued