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13 March, 06:47

If $525,000 of bonds are issued during the year but $210,000 of old bonds are retired during the year, the statement of cash flows will show a (n)

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  1. 13 March, 10:19
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    Answer and Explanation:

    Given:

    Issue of new bonds price = $525,000

    Retired price of bonds = $210,000

    It is given that new bonds price a $525,000 issue and the value of retire Bond price will $210,000.

    Issue of new bonds will increase cash by $525,000 because business gets cash from the issue of bonds and retire off the old bond will decrease cash by $210,000.
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