If $ 1416000 of bonds are issued during the year but $ 2950000 of old bonds are

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If $1416000 of bonds are issued during the year but $2950000 of old bonds are retired during the year, the statement of cash flows will show a(n)

net increase in cash of $1534000.

net loss on retirement of bonds of $1534000.

net decrease in cash of $1416000.

increase in cash of $1416000 and a decrease in cash of $2950000.

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Financial Accounting: A Business Process Approach

ISBN: 978-0136115274

3rd edition

Authors: Jane L. Reimers

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Posted Date: Feb 14, 2022 03:43 PM

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If $ 1416000 of bonds are issued during the year but $ 2950000 of old bonds are

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Note 0 when bond issued compony will receiue cash from the imuestors so ... View the full answer

Financial Accounting: A Business Process Approach

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