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Apr 2, 2006, 04:52 PM

vsim1965

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Join Date: Apr 2006

Posts: 1

cash flow statement

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?

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Apr 3, 2006, 01:48 PM	#2

CaptainForest Finance & Accounting Expert Join Date: Nov 2005 Location: Canada Posts: 3,672	No. You would show a decrease to financing activities. You borrowed LESS, therefore you have LESS Cash Flow

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