On the basis of the details of the following bonds payable and related discount accounts, indicate the

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On the basis of the details of the following bonds payable and related discount accounts, indicate the items to be reported in the financing section of the statement of cash flows, assuming no gain or loss on retiring thebonds:

On the basis of the details of the following bonds 119800

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Financial Accounting An Integrated Statements Approach

ISBN: 978-0324312119

2nd Edition

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

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Question Posted: May 29, 2012 05:36 AM

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On the basis of the details of the following bonds payable and related discount accounts, indicate the

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BONDS PAYABLE 150,000 200,000 302,000 Jan. 1 Balance Jan. 3 Retire bonds 48,000 July 30 Issue bonds Dec. 31 Balance DISCOUNT ON BONDS PAYABLE Jan. 1 Balance July 30 Issue bonds Dec. 31 Balance 12,000 Jan. 3 Retire bonds 15,000 Dec. 31 Amortize d 21,800 4,000 1,200 iscount

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Cash flows from financing activities Redeem bonds p...View the full answer

Financial Accounting An Integrated Statements Approach

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