If a company borrows money from a bank,the interest paid should be reported on the statement of cash flows as a(n):
A)Operating activity
B)Investing activity
C)Financing activity
D)Noncash investing and financing activity
E)Cannot be determined from the information given

Question

If a company borrows money from a bank,the interest paid should be reported on the statement of cash flows as a(n): 
A)Operating activity 
B)Investing activity 
C)Financing activity 
D)Noncash investing and financing activity 
E)Cannot be determined from the information given

Quizplus · Accepted Answer

The Answer of If a company borrows money from a bank,the interest paid should be reported on the statement of cash flows as a(n): 
A)Operating activity 
B)Investing activity 
C)Financing activity 
D)Noncash investing and financing activity 
E)Cannot be determined from the information given

If a Company Borrows Money from a Bank,the Interest Paid