On January 1,2017,the Long-Term Liability Section of Eden Company's Balance

question 129

Multiple Choice

On January 1,2017,the Long-Term Liability section of Eden Company's balance sheet showed a balance of $35,000 in the Bonds Payable account.On December 31,2017,the balance in that same account was $20,000.This change would appear on the statement of cash flows as an

• A)outflow of cash of $15,000 in the Financing Activities category.
• B)inflow of cash of $15,000 in the Financing Activities category.
• C)outflow of cash of $15,000 in the Investing Activities category.
• D)inflow of cash of $15,000 in the Investing Activities category.