Asked by Meagan Bowman on May 31, 2024
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Money received from issuing bonds payable would be included as part of a company's financing activities on the statement of cash flows.
Financing Activities
Refers to transactions and business events affecting long-term liabilities and equity, including obtaining resources from owners and providing them with a return on their investment.
Bonds Payable
Bonds payable refers to the long-term debt instruments issued by a company to borrow funds, which must be repaid at a specified maturity date.
Issuing
The act of distributing something, such as a company releasing new shares of stock to the public or a government agency providing official documents.
- Ascertain the cash entries and exits associated with financing endeavors.
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Learning Objectives
- Ascertain the cash entries and exits associated with financing endeavors.
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