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Business, 13.08.2019 00:30 Izzyfizzy1

Fara co. reported bonds payable of $47,000 at december 31, year 1, and $50,000 at december 31, year 2.during year 2, fara issued $20,000 of bonds payable in exchange for equipment. there was no amortizationof bond premium or discount during the year. what amount should fara report in its year 2 statement of cashflows for redemption of bonds payable? a. $3,000b. $17,000c. $20,000d. $23,000

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Fara co. reported bonds payable of $47,000 at december 31, year 1, and $50,000 at december 31, year...
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