Use the following codes to indicate how the cash flow effect, if any, of each transaction would be reported on a statement of cash flows if the operating activities section is prepared using the direct method. (Choices may be used more than once.)
-repaid a long-term bonds payable

Question

Quizplus · Accepted Answer

Repaying a long-term bonds payable is considered an outflow from financing activities because it involves paying back money that was borrowed, which falls under financing activities in the statement of cash flows.

Use the Following Codes to Indicate How the Cash Flow