Assume that the Quinn Corporation uses the indirect method to depict cash flows.Indicate where, if at all, interest paid on a note would be reported on the statement of cash flows.
A)Operating activities section.
B)Investing activities section.
C)Financing activities section.
D)Does not represent a cash flow.

Question

Quizplus · Accepted Answer

Interest paid on a note is reported in the operating activities section of the cash flow statement when using the indirect method.

Assume That the Quinn Corporation Uses the Indirect Method to Depict