A single-family residence with a one-car garage may be an example of

The financial budget projects the collection and payment, of cash, and the forecast of the company's budgeted balance sheet

Indicate whether the statement is true or false

When using the direct method, how is the retirement of bonds payable at their maturity date shown on the statement of cash flows?

a. Operating activity b. Investing activity c. Financing activity d. Noncash investing and financing activity