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a company reported that its bonds with a par value of $50,000 and a carrying value of $60,500 are retired for $64,200 cash, resulting in a loss of $3,700. the amount to be reported under cash flows from financing activities is:

Sagot :

The amount to be reported under cash flows from financing activities is $64,200, Total value - total loss = cash inflow.

A bond is a type of security used in finance in which the issuer owes a debt to the holder and, under the terms of the bond, is obliged to repay the bond's principal and interest on the maturity date. Bonds provide borrowers with access to external capital to fund current spending or, in the case of government bonds, long-term investments.

Securities include both bonds and stocks, but the main difference between them is that shareholders have an equity interest in a company and bondholders have an interest from creditors. On the creditor side, bondholders have priority over shareholders.

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