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If $2600000 of bonds are issued during the year but $4160000 of old bonds are...

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Question

Accounting

If $2600000 of bonds are issued during the year but $4160000 of old bonds are retired during the year, the statement of cash flows will show a(n)

net increase in cash of $1560000.

net loss on retirement of bonds of $1560000.

net decrease in cash of $1560000.

increase in cash of $2600000 and a decrease in cash of $4160000.

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