A company borrows $ 350,000 and repays $ 400,000 after several years. The difference relates to interest.

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A company borrows $ 350,000 and repays $ 400,000 after several years. The difference relates to interest. What appears on the SCF and in what classification in the year the money is borrowed? Repaid?

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Intermediate Accounting

ISBN: 978-0071339476

Volume 1, 6th Edition

Authors: Beechy Thomas, Conrod Joan, Farrell Elizabeth, McLeod Dick I

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Question Posted: Feb 17, 2015 09:03 AM

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A company borrows $ 350,000 and repays $ 400,000 after several years. The difference relates to interest.

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The SCF would show as an inflow 350000 for the initial bo...View the full answer

Intermediate Accounting

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