Question
On June 30th, 2019, Rumsfeld Company issued $300,000 of five-year, 8% bonds to its bondholders. How would Rumsfeld account for this transaction on its Statement
On June 30th, 2019, Rumsfeld Company issued $300,000 of five-year, 8% bonds to its bondholders. How would Rumsfeld account for this transaction on its Statement of Cash Flows?
Group of answer choices
As a cash inflow for investing activities.
As a cash inflow for financing activities.
As a cash outflow for financing activities
As a cash outflow for investing activities.
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College Accounting Chapters 1- 9
Authors: James A Heintz, Robert W Parry
23rd Edition
1337794783, 978-1337794787
