If $ 2700000 of bonds are issued during the year but $ 4320000 of old bonds are

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If $2700000 of bonds are issued during the year but $4320000 of old bonds are retired during the year, the statement of cash flows will show a(n)

net decrease in cash of $1620000.

net loss on retirement of bonds of $1620000.

increase in cash of $2700000 and a decrease in cash of $4320000.

net increase in cash of $1620000.

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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 03:56 PM

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If $ 2700000 of bonds are issued during the year but $ 4320000 of old bonds are

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Note O 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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