If $350,000 of Bonds Are Issued During the Year, but $150,000

question 122

Multiple Choice

If $350,000 of bonds are issued during the year, but $150,000 of old bonds are retired during the year, the statement of cash flows will show a(n) :

• A) net gain on retirement of bonds of $200,000.
• B) increase in cash of $350,000 and a decrease in cash of $150,000.
• C) net increase in cash of $200,000.
• D) net decrease in cash of $200,000.

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Definitions:

Online Retail Sales

The process of purchasing goods or services over the Internet, directly from retailers.

Expired Products

are items that have surpassed their shelf life or expiration date and are no longer considered safe or effective to use.

Consumption Expenditures

The total amount spent by households on goods and services for their own use, not including savings or investments.

Households

Economic entities (of one or more persons occupying a housing unit) that provide resources to the economy and use the income received to purchase goods and services that satisfy economic wants.