Multiple Choice
On January 1,2012,the long-term liability section of Dennison Supply Co.balance sheet showed a balance of $800,000 in the bonds payable account.On December 31,2012,the balance in that same account was $765,000.This change would appear on the statement of cash flows as
A) an outflow of cash of $35,000 in the financing activities category.
B) an inflow of cash of $35,000 in the financing activities category.
C) an outflow of cash of $35,000 in the investing activities category.
D) an inflow of cash of $35,000 in the investing activities category.
Correct Answer:

Verified
Correct Answer:
Verified
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