Question 1
If $250,000 of bonds are issued during the year but $130,000 of old bonds are retired during the year, the statement of cash flows will show a(n) Answer
net increase in cash of $120,000.
net decrease in cash of $120,000.
increase in cash of $250,000 and a decrease in cash of $130,000.
net gain on retirement of bonds of $120,000.
Solution:
Question 2
Generally, the most important category on the statement of cash flows is cash
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15 Sep 2015