On October 31,2011,Bondable,Inc.issued $20,000 of 10-year,6% bonds at 100.The bonds pay interest annually on October 31.On its statement of cash flows for the year ended December 31,2011,Bondable will show Cash paid for interest of ________.
A) $0
B) $(200) in the cash flows from financing activities section of the statement
C) $(1,200) in the cash flows from operating activities section of the statement
D) $(120) in the cash flows from operating activities section of the statement
Correct Answer:
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