On January 1, 2012, the Long-Term Liability Section of Eden

question 96

Multiple Choice

On January 1, 2012, the long-term liability section of Eden Company's balance sheet showed a balance of $35,000 in the bonds payable account.On December 31, 2012, the balance in that same account was $20,000.This change would appear on the statement of cash flows as

• A)an outflow of cash of $15,000 in the financing activities category.
• B)an inflow of cash of $15,000 in the financing activities category.
• C)an outflow of cash of $15,000 in the investing activities category.
• D)an inflow of cash of $15,000 in the investing activities category.

---

Definitions:

Bulleted Lists

A series of items or points presented with bullet symbols to organize information or highlight key aspects.

Inductively Organized

Structured in a manner where specific observations or data points lead towards the formulation of a general conclusion or theory.

Paradox

A statement or concept that despite sound reasoning from acceptable premises, leads to a conclusion that seems logically unacceptable or self-contradictory.

Buffer

A temporary storage area in computing used to manage data being transferred between two devices or processes.