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Business, 25.01.2021 20:20 selfiegymnast

A company prepared the following journal entry: Dr: Interest expense 10,000
Cr: Discount on bonds payable 2,000
Cr: Cash 8,000
Which of the following statements correctly describes the effect of this journal entry on the financial statements?
A. The bonds payable book value increases by $8,000.
B. CFFF decreases by $2,000.
C. The bonds payable book value decreases by $2,000.
D. CFFO decreases by $8,000.

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A company prepared the following journal entry: Dr: Interest expense 10,000
Cr: Discount on b...
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