If $2,500,000 of bonds are issued during the year but $4,000,000 of old bonds are retired during the year, the statement of cash flows will show a(n) O increase in cash of $2,500,000 and a decrease in cash of $4,000,000 net increase in cash of $1,500,000 O net loss on retirement of bonds of $1,500,00 O net decrease in cash of $1,500,000

If $2,500,000 of bonds are issued during the year but $4,000,000 of old bonds are retired during the year, the statement of cash flows will show a(n) O increase in cash of $2,500,000 and a decrease in cash of $4,000,000 net increase in cash of $1,500,000 O net loss on retirement of bonds of $1,500,00 O net decrease in cash of $1,500,000

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Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter13: Long-term Liabilities

Section: Chapter Questions

Problem 14MC: Whirlie Inc. issued $300,000 face value, 10% paid annually, 10-year bonds for $319,251 when the...

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