单选题 The actual coupon payment on a bond that a company issues is reported as which type of cash flow under U. S. GAAP, and which cash flow would be overstated by a premium bond? Coupon payment Premium Bond ①A. Operating cash outflow Cash flow from operations ②B. Financing cash outflow Cash flow from operations ③C. Operating cash outflow Cash flow from financing

A、

A. ①
B、

B. ②
C、

C. ③

【正确答案】 C

【答案解析】
The table below provides additional information about the effect of debt issuance and amortization on the cash flow statement.

	Cash Flow from Financing	Cash Flow from Operations
Issuance of Debt	Increased by Cash Received ( Present value of the bond at the market interest rate)	No effect
Periodic Interest Payments	No effect	Decreased by interest paid [(coupon rate)x(face or par value)]
Payment at Maturity	Decreased by face (par) value	No effect

Premium Bonds will overstate CFF and will understate CFO.