A company reported that its bonds with a par value of $50,000 and a carrying value of
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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:
a) Zero. This is an operating activity.
b) $(64,200).
c) $(3,700).
d) Zero. This is an investing activity.
e) $(60,500).
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