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Business, 27.07.2021 22:00 stephstewart1209

Nomad Company issued $1,000,000 face value 2-year zero coupon bonds on December 31, 20X2 to yield 8% interest. Bond proceeds were $857,339. In 20X3 Nomad recorded interest expense of $68,587. In 20X4 Nomad recorded interest expense of $74,074 and paid out $1,000,000 to redeem the bonds. Based on these transactions only, Nomad鈥檚 Statement of Cash Flows would show cash flow from operations (CFO) of: A) zero in all years.

B) -$68,587 in 20X3 and -$74,074 in 20X4.

C) -$142,661 in 20X4.

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Nomad Company issued $1,000,000 face value 2-year zero coupon bonds on December 31, 20X2 to yield 8%...
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