In preparing a statement of cash flows, the issuance of debt should be reported separately from...

Question

Question

In preparing a statement of cash flows, the issuance of debt should be reported separately from the retirement of debt.

TRUE

FALSE

Answer 1

Answer #1

TRUE

In preparing a statement of cash flows, the issuance of debt should be reported separately from the retirement of debt.

The issuance of debt should be reported as a cash inflow from Financing activity

The retirement of debt should be reported as a cash outflow from Financing activity

Answer 2

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