Ask Question
2 February, 23:11

A business issues 20-year bonds payable in exchange for preferred stock. This transaction would be reported on the statement of cash flows in a. a separate schedule. b. the cash flows from operating activities section. c. the cash flows from financing activities section. d. the cash flows from investing activities section.

+3
Answers (1)
  1. 2 February, 23:16
    0
    A. a separate schedule.

    Explanation:

    This is explained to be cash flow schedule or also cash flow statement. It is explained to be on out of the three financial statement which used generally to report for cash which been generated and how this money has been totally been spent within a period or interval which could be a week, month, quarter or even probably a year.

    In the statement of cash flows, the cash flows are known to be generated from investing activities section while inclusion of receipts from the sale of investments. This is why in the stated 20 year payable bond, it is known to have been recorded in statement of cash flows in a separate schedule.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A business issues 20-year bonds payable in exchange for preferred stock. This transaction would be reported on the statement of cash flows ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers