need help Question 11 (of 14) A company reported that its bonds with a par value

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Question 11 (of 14) A company reported that its bonds with a par value of $50,000 and a carrying value of $65.0 00 are retired for $69,600 cash, resulting in a loss of $4.600. The amount to be reported under cash flows from financing activities Is: o $(4,600). O $15.000 o $(65,000). o $(69.600) O s15.000) ode Extension Birthday 4584 Jan. 15th 4625 Feb 20th 4704 March 11th 4709 April 29th 4628 July 8th 4626 July 24th 208 38 249 29 4725 August 22nd 4709 October 1st 7150 4516 July 31st 154

Explanation / Answer

Under cash flows from financing activities, whatever cash is paid for retirement of bond is recorded. Loss or gain on retirement of bond is not recorded in cash flow statement. Loss or gain on retirement of bond is the matter of Income summary. In the given question, $69600 has been paid for retirement of bond.

So answer is $(69,600)

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