If $350,000 of bonds are issued during the year, but $150,000 of old bonds are retired during the year, the statement of cash flows will show a(n) :
A) net gain on retirement of bonds of $200,000.
B) increase in cash of $350,000 and a decrease in cash of $150,000.
C) net increase in cash of $200,000.
D) net decrease in cash of $200,000.
Correct Answer:
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