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Question
if $240,000 of bonds are issued during the year but $400,000 of old bonds are retired during the year, the statement of cash flows will show a(n)
a.net increase in cash of $160,000
b.net decrease in cash of $160,000
c.increase in cash of $240,000 and a decrease in cash of $400,000
d.net loss on retirement of bonds of $160,000
Answer
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