Ramond Manufacturing, Inc., has a credit balance in its bonds payable account of $85,000 at the end of the current year. The previous year-end balance was zero. Listing this item in the Financing Activities section of the statement of cash flows would indicate that Ramond a. paid interest of $85,000 to its bondholders. b. retired $85,000 worth of its own corporate bonds. c. sold $85,000 worth of its own corporate bonds. d. bought $85,000 worth of bonds as an investment.
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Ramond Manufacturing, Inc., has a credit balance in its bonds payable account of $85,000 at the end...
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