Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. if thomson company did not issue any bonds payable

If Thomson Company did not issue any bonds payable during the year and its bonds...

80.2K

Verified Solution

Question

Accounting

If Thomson Company did not issue any bonds payable during the year and its bonds payable account decreased by $200,000 over the course of a year, then this amount would be shown on the company's statement of cash flows prepared under the indirect method as:
Answer
a.
a cash inflow of $200,000 under investing activities.
 b.
a cash outflow of $200,000 under investing activities.
 c.
a cash inflow of $200,000 under financing activities.
 d.
a cash outflow of $200,000 under financing activities.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students