Debt capital

Reporting Issuance and Retirement of Long-Term Debt

On the basis of the details of the following bonds payable and related discount accounts, indicate the items to be reported in the Financing Activities section of the statement of cash flows, assuming no gain or loss on retiring the bonds:

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Item Section of Statement of Cash Flows Added or Deducted Amount
Retire bonds SelectFinancing activities sectionInvesting activities sectionOperating activities section, if indirect method is usedSeparate scheduleItem 1 SelectAddedDeductedReport onlyItem 2 $
Issue bonds SelectFinancing activities sectionInvesting activities sectionOperating activities section, if indirect method is usedSeparate scheduleItem 4 SelectAddedDeductedReport onlyItem 5 $
Amortization of discount SelectFinancing activities sectionInvesting activities sectionOperating activities section, if indirect method is usedSeparate scheduleItem 7 SelectAddedDeductedReport

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