A company reported that its bonds with a par value of $50,000 and a carrying value of $57,000 are retired for $60,000 cash, resulting in a loss of $3,000. The amount to be reported under cash flows from financing activities is:
A. $(57,000).
B. $(60,000).
C. $(3,000).
D. $7,000.
E. $(7,000).
Answer: B
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