A company reported that its bonds with a par value of $50,000 and a carrying value of $60,500 are retired for $64,200 cash,resulting in a loss of $3,70O. The amount to be reported under cash flows from financing activities is:Multiple Choice25$10,500.S(10.500).S(64.200).< Prev5 of 10Next >6:34 PM3/28/2022

Cash flow on retirement of bond On retirement of bond there is cash outflows from financing…

A company reported that its bonds with a par value of $50,000 and a carrying value of $60,500 are retired for $64,200 cash, resulting in a loss of $3,700. The amount to be reported under cash flows from financing activities is: Multiple Choice $10,500. S(10.500). $(64,200).

A company reported that its bonds with a par value of $50,000 and a carrying value of $60,500 are retired for $64,200 cash, resulting in a loss of $3,700. The amount to be reported under cash flows from financing activities is: Multiple Choice $10,500. S(10.500). $(64,200).

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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