The balance sheet presents the balances of a company

The balance sheet presents the balances of a company -...

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The balance sheet presents the balances of a company's debts at a point in time. The statement of cash flows also presents information about a company's debts. Information regarding cash inflows and outflows during the year that resulted from the principal portion of debt transactions appears in the “Financing activities” section of the statement of cash flows. Interest expense is
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Unformatted text preview: reported in the “Operating activities” section, even though it resulted from debt transactions. The statement of cash flows shown below presents the cash flows from financing activities for Toyota Motor Corporation. From this we learn that the company issued new long-term debt of $24,481 million and repaid long-term debt of $14,628 million....
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This note was uploaded on 11/08/2011 for the course ACCOUNTING ac 201 taught by Professor - during the Spring '11 term at Montgomery.

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