Which of the Following Statements Is Correct

Question 104
Multiple Choice

Which of the following statements is correct? A)An outflow of cash for interest payments is reported as a cash flow from financing activities. B)The conversion of bonds to stock is reported as a cash flow from financing activities. C)An outflow of cash when callable bonds are recalled by the issuer is reported as a cash flow from financing activities. D)Amortization of discounts and premiums on bonds payable are reported as a cash flow from financing activities.