Ask Experts Questions for FREE Help !
Ask
    vsim1965's Avatar
    vsim1965 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Apr 2, 2006, 04:52 PM
    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?
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
    Ultra Member
    		  
    #2

    Apr 3, 2006, 01:48 PM
    No.

    You would show a decrease to financing activities.

    You borrowed LESS, therefore you have LESS Cash Flow
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Cash Flow [ 1 Answers ]

If a company has negative cash flow, but its balance sheet shows increased cash, what caused this?

Statement of cash flow [ 2 Answers ]

If its stated that " $40,000 stock dividend was declared and issued during the year", does it mean the company already paid the dividend? Statement of cash flow is too complicated :confused:

Statement of Cash Flow Question [ 2 Answers ]

Give one reason why, in a 1 year period, a company may report a loss on the Income Statement, but report a positive cash flow in their Statement of Cash Flow.

Asap! Help! Urgent! Aaaaaaa Statement Of Cash Flows [ 2 Answers ]

I need urgent help with my accounting homework. I have to compare the statement of cash flows from the companies hersheys and nestle. And i've been trying to do it since last week. And im really totally lost! This is my final grade which is worth 100 point! Please please i really need help. ...

View more questions Search