Explain How the Following Transactions Should Be Reported in the Statement

question 29

Essay

Explain how the following transactions should be reported in the statement of cash flows, assuming the indirect method is used to determine cash flows from operating activities. Identify all available options. If not reported on the statement of cash flows, indicate the disclosure requirements, if any.
1. The purchase of a $100,000, 45-day Treasury bill classified at FVPL.
2. Amortization of the discount on bonds payable in the amount of $20,000.

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