A company reported that its bonds with a par value of $50,000 and a carrying value of $57,500 are retired for $60,600 cash, resulting in a loss of $3,100. The amount to be reported under cash flows from financing activities is:

The amount this company would report under cash flows from financing activities is $60,600.

Explanation:

These cash flows of $60,600 represent the actual cash outflows, an amount that bondholders would receive from the company in retirement of the bonds.  The statement of cash flows records the actual cash inflows and outflows of a company transactions during a particular accounting period.  Every item is adjusted to reflect the actual cash flows.  It is strictly based on the Cash Basis of accounting instead of the accrual basis.

muslims control the north africa during the period of 1500 up

to 1800. they made a barrier to prevent further european exploration from

entering the africa from the north. however, the dutch ware still able to move

toward the interior with having south africa as one of the routes leading to

the east for trading with asia.