Multiple Choice
On January 1,2017,the Long-Term Liability section of Quick Silver Co.'s balance sheet showed a balance of $800,000 in the Bonds Payable account.On December 31,2017,the balance in that same account was $765,000.This change would appear on the statement of cash flows as an
A) outflow of cash of $35,000 in the Financing Activities category.
B) inflow of cash of $35,000 in the Financing Activities category.
C) outflow of cash of $35,000 in the Investing Activities category.
D) inflow of cash of $35,000 in the Investing Activities category.
Correct Answer:
Verified
Correct Answer:
Verified
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