Solved

If a Company Paid Interest During the Year on Amounts

Question 32

Multiple Choice

If a company paid interest during the year on amounts it had borrowed, how would it be classified on the cash flow statement?


A) As a cash flows from operations.
B) As a cash flows from financing activities.
C) Both of the above are correct
D) Neither of the above are correct

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents