If $200,000 of new bonds are issued during the year and $120,000 of old bonds are retired during the year, the financing activities section of the statement of cash flows will show
A)a net increase in cash of $80,000.
B)a net decrease in cash of $80,000.
C)an increase in cash of $200,000 and a decrease in cash of $120,000.
D)a net gain on retirement of bonds of $80,000.

Question

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The Answer of If $200,000 of new bonds are issued during the year and $120,000 of old bonds are retired during the year, the financing activities section of the statement of cash flows will show
A)a net increase in cash of $80,000.
B)a net decrease in cash of $80,000.
C)an increase in cash of $200,000 and a decrease in cash of $120,000.
D)a net gain on retirement of bonds of $80,000.

If $200,000 of New Bonds Are Issued During the Year