In 2010 Penoke Corporation retired $1,000,000 of its long-term bonds early and as a result of the transaction generated a gain of $100,000.How much cash did Penoke pay to retire the bonds early and in what section would the cash payment be reported on the statement of cash flows?

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The Answer of In 2010 Penoke Corporation retired $1,000,000 of its long-term bonds early and as a result of the transaction generated a gain of $100,000.How much cash did Penoke pay to retire the bonds early and in what section would the cash payment be reported on the statement of cash flows?

In 2010 Penoke Corporation Retired $1,000,000 of Its Long-Term Bonds