If $200,000 of Bonds Are Issued During the Year but $120,000

question 108

Multiple Choice

If $200,000 of bonds are issued during the year but $120,000 of old bonds are retired during the year, the cash flow statement will show a(n)

• A) net increase in cash of $80,000.
• B) net decrease in cash of $80,000.
• C) increase in cash of $200,000 and a decrease in cash of $120,000.
• D) net gain on retirement of bonds of $80,000.

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Definitions:

Escalation

A situation where actions or events become more intense or serious, often leading to further conflict or a higher level of crisis.

Election Results

The final tallies or outcomes of a voting process that determine which candidates or referendums have succeeded or failed.

2006

A year in the Gregorian calendar, notable for various global events in politics, science, and culture.

2008

A year marked globally by significant events including the financial crisis, which was among the worst economic downturns since the Great Depression, and the election of Barack Obama as the 44th president of the United States.