On January 1, 2016, the long-term liability section of Eden Company's balance sheet showed a balance of $35,000 in the bonds payable account. On December 31, 2016, the balance in that same account was $20,000 . This change would appear on the statement of cash flows as
a. an outflow of cash of $15,000 in the financing activities category.
b. an inflow of cash of $15,000 in the financing activities category.
c. an outflow of cash of $15,000 in the investing activities category.
d. an inflow of cash of $15,000 in the investing activities category.
a
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An appraisal function housed within the organization that performs a wide range of services for management is
a. internal auditing b. data control group c. external auditing d. database administration
Government policies that can make it more attractive for foreign companies to locate operations abroad include all of the following except
A. low-cost loans. B. reduced tariffs, quotas, and percentages of local content required in production of products and services. C. tax incentives. D. site development assistance. E. stringent environmental compliance regulations.
Which of the following is NOT true about certified public accountants?
a. CPAs need not meet educational requirements as long as they can pass the CPA exam. b. CPAs are licensed by the state in which they practice. c. CPAs generally work for accounting firms that provide services to other companies or individuals. d. Public accountants can do tax consulting. e. CPAs perform examinations of other firms’ financial statements.
A $1,000 par value bond sells for $1,216. It matures in 20 years, has a 14 percent coupon, pays interest semiannually, and can be called in 5 years at a price of $1,100. Calculate the bond's yield to maturity.
A. 6.05% B. 10.00% C. 10.06% D. 8.59% E. 11.26%