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- 2011-7-11
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- 2013-8-19
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On December 31, 20X3 Okay Company issued 10,000 $1000 face value 10-year, 9% bonds to yield 7%. The bonds pay interest semi-annually. On its financial statements (prepared under U.S. GAAP) for the year ended December 31, 20X4, the effect of this bond on Okay's cash flow from operations is:
A) -$900,000.
B) -$700,000.
C) -$755,735.
The correct answer was A) -$900,000.
The coupon payment is a cash outflow from operations. ($10,000,000 |
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发表于 2011-7-13 15:59
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