On January 1, 2015, the long-term liability section of Quick Silver Co balance sheet showed a balance of $800,000 in the bonds payable account. On December 31, 2015, the balance in that same account was $765,000 . This change would appear on the statement of cash flows as
a. an outflow of cash of $35,000 in the financing activities category.
b. an inflow of cash of $35,000 in the financing activities category.
c. an outflow of cash of $35,000 in the investing activities category.
d. an inflow of cash of $35,000 in the investing activities category.
a
Business
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