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Accounting

Determine whether each of the following would be reported in the financing activities section of the statement of cash flows and, if so, specify whether it is a cash inflow or outflow.

1. Sale of bonds at a discount.

2. payment of interest on a bond

3. Early retirement of a bond with a 5 percent call premium.

4. Amortization of a bond discount.

5. Payment of bond principal upon maturity.

6. sale of bond from one investor to another. Transaction was in cash.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9950681

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