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What amount should fara report in its 2010 statement

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Reference no: EM131105346

Fara Co. reported bonds payable of $47,000 at December 31, 2009, and $50,000 at December 31, 2010. During 2010, Fara issued $20,000 of bonds payable in exchange for equipment. There was no amortization of bond premium or discount during the year.

What amount should Fara report in its 2010 statement of cash flows for redemption of bonds payable?

Reference no: EM131105346

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