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Haven Corporation Issued $700,000 of 10-Year Bonds Payable at Par

Question 103

Multiple Choice

Haven Corporation issued $700,000 of 10-year bonds payable at par in 2005. During 2009 Haven paid $50,000 interest and an additional $233,333 to retire one-third of the bonds at par. These activities would be reported in Haven's statement of cash flows for 2009 as:


A) $283,333 net cash provided by financing activities.
B) $283,333 net cash used in financing activities.
C) $233,333 net cash used in financing activities, and $50,000 cash disbursed for operating activities.
D) $466,667 net cash provided by financing activities, and $50,000 cash disbursed for operating activities.

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