微信扫一扫
实时资讯全掌握
|
Nomad Company issued $1,000,000 face value 2-year zero coupon bonds on December 31, 20X2 to yield 8% interest. Bond proceeds were $857,339. In 20X3 Nomad recorded interest expense of $68,587. In 20X4 Nomad recorded interest expense of $74,074 and paid out $1,000,000 to redeem the bonds. Based on these transactions only, Nomad’s Statement of Cash Flows would show cash flow from operations (CFO) of: A. -$68,587 in 20X3 and -$74,074 in 20X4. B. zero in all years. C. -$142,661 in 20X4. |