Question: A company reported that its bonds with a par value of $50,000 and a carrying value of $64,500 are retired for $69,000 cash, resulting in

A company reported that its bonds with a par value of $50,000 and a carrying value of $64,500 are retired for $69,000 cash, resulting in a loss of $4,500. The amount to be reported under cash flows from financing activities is:

Multiple Choice

  • $14,500.

  • $(14,500).

  • $(4,500).

  • $(69,000).

  • $(64,500).

A company has 39,000 shares of common stock outstanding. The stockholders' equity applicable to common shares is $479,700, and the par value per common share is $10. The book value per share is:

Multiple Choice

  • $10.00.

  • $2.30.

  • $12.30.

  • $0.08.

  • $47.97.

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