A company loaned $1,000,000 with interest at 7% to another company.The interest revenue from this loan would be reported on the statement of cash flows as a:
A)cash inflow from operating activities.
B)cash inflow from investing activities.
C)cash inflow from financing activities.
D)noncash investing and/or financing activity.

Question

Quizplus · Accepted Answer

Interest revenue received in cash would be reported on the statement of cash flows as a cash inflow from operating activities.

A Company Loaned $1,000,000 with Interest at 7% to Another