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Discuss partially paid from the proceeds of serial bonds

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Reference no: EM131781880

What is the cash flow adjustment for the following transactions?

1) The company sold $175,000 of its accounts receivable on a non-recourse basis.

2) The construction costs were partially paid from the proceeds of serial bonds issued at par in the amount of $500,000 during the year.

3) ABC incurred $25,000 in bond issue costs for the serial bonds.

Please provide explanation.

Reference no: EM131781880

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