Question 5. In recording cash paid by the company to the withdrawing partner, the journal entry to include his/her capital account in credit and cash account is debil. True or False Question 6 The purchase of land by Issuing a long-term note payable for the entire amount is reported on the investing activities section of the statement of cash flows . True or False. Question 7 A company has callable bonds outstanding with a par value of $100,000. The unamortized discount on these bonds is $1,500. The company called to retire these bonds and paid a call premium (bonus) of $3,000. What is the gain or loss on this retirement? OA $4,500 loss OB 50 gain or loss. OC. $3,000 loss OD.$1,500 gain Moins this response TOSHIBA
