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The statement of financial position for Pruitt Company shows: You are told that the bonds payable have a $100,000 face value with a coupon rate

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The statement of financial position for Pruitt Company shows: You are told that the bonds payable have a $100,000 face value with a coupon rate of 10% paying interest annually on December 31st. The bonds were issued when the market rate was 12%. What is the amount of the net adjustment to the Statement of Cash Flows in the operating section, if any, related to this bond? Please note if it is an increase or decrease to cash by showing a positive or negative number (i.e. if 5,000cash decrease input -5000) Answer: The correct answer is: 1580

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