Question
Selected information from Vinyl Resting Place Corporation's accounting records and financial statements for 2018 is as follows ($ in millions): Cash paid to retire bonds
Selected information from Vinyl Resting Place Corporation's accounting records and financial statements for 2018 is as follows ($ in millions): Cash paid to retire bonds $30 Treasury stock purchased for cash 50 Proceeds from issuance of common stock 70 Proceeds from issuance of mortgage bonds 80 Cash dividends paid on common stock 25 Cash interest paid to bondholders 15 In its statement of cash flows, the company should report net cash inflows from financing activities of: $10 million $45 million $30 million $125 million
B. 45 Million 70 Proceeds from issuance of common stock 80 proceeds from mortgage bonds (30) cash paid to retire bonds (50) treasury stock purchased for cash (25) cash dividends paid on common stock = 45 Net cash inflow
If this answer is correct, can someone explain why the cash interest paid to bondholders wasn't included?
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