Question
The Assessment requires preparation of Cash Flow Statement for Skylar Enterprises. My question is specific to Redemption of Bonds Payable. The Balance Sheet comparison. 12/31/2012
The Assessment requires preparation of Cash Flow Statement for Skylar Enterprises. My question is specific to Redemption of Bonds Payable.
The Balance Sheet comparison.
12/31/2012 1/1/2012 Difference
Bonds payable. $150,000. $200,000 $50,000
Additional Info Given- Bonds payable amounting to $55,000 were redeemed.
What should the entry be in 'Cash Flow from Financial Activities' for this ?
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Advanced Accounting
Authors: Debra C Jeter, Paul K Chaney
5th Edition
1118022297, 978-1118022290
