cash flow statement

vsim1965 · #1 Apr 2, 2006, 04:52 PM

I am using the indirect method for a cash flow statement. In the comparative balance sheet I have bonds payable 2003 $66,000 & 2004 $48,750 (decrease 17,250) The bonds payable were retired for $17,250. Do I show as an increase under financing activities?

CaptainForest · Apr 3, 2006, 01:48 PM

No.

You would show a decrease to financing activities.

You borrowed LESS, therefore you have LESS Cash Flow



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