Statement of Cash Flows for Year Ended October 31, 2013

question 126

Essay

Statement of cash flows for year ended October 31, 2013
Pujols would report the cash inflow of $42,000,000*** from the sale of the bonds as a cash flow from financing activities in its statement of cash flows. The accrued interest portion of the cash receipt was paid on June 30 and is part of the cash outflow from operating activities (below).
The $2,400,000 cash interest paid* is cash outflow from operating activities because interest is an income statement (operating) item.
Calculations:

---

Definitions:

Facebook Messenger

A messaging app and platform developed by Facebook, allowing users to send messages, photos, videos, and conduct voice and video calls.

Chatbot

A computer program designed to simulate conversation with human users, especially over the Internet, used in customer service and information acquisition.

WeChat

A Chinese multi-purpose messaging, social media, and mobile payment app developed by Tencent.

Weibo

A popular Chinese microblogging website, acting as a hybrid of Twitter and Facebook, used for social networking and multimedia sharing.