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A company reported that its bonds with a face value of $60,000 and a carrying...

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Accounting

A company reported that its bonds with a face value of $60,000 and a carrying value of $55,500 are retired for $61,000 cash. The amount to be reported under cash flows from financing activities is:

($65,500)

($5,500)

($61,000)

$0. This is an operating activity.

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