nswer (6). In 2019 and 2020, Rosebud Ltd. showed a long-term bank loan of $50,000 on its statement of financial position. During 2020, Rosebud repaid $50,000 to the bank and obtained a new bank loan for $50,000 with better interest rates. On its statement of cash flows (SCF), Rosebud showed no cash transactions. Which of the following is correct? A. Cash payments of $50,000 should be shown as a separate line item on the SCE. B. Cash payments of $50,000 and cash proceeds of $50,000 on issuance of a new bank loan should be shown as two separate line items on the SCF. C. Cash proceeds of $50,000 on issuance of a new bank loan should be shown as a separate line item on the SCE. D. There is no error. Rosebud Ltd. prepared the change in bank loan correctly on its statement of cash flows