The total cash payments made in the year of maturity relative to an interest bearing note would be reported on the statement of cash flows in the:
A)operating activities section
B)investing activities section
C)financing activities section
D)both a and c are correct

Question

Quizplus · Accepted Answer

The interest payment is reported under operating activities, while the repayment of the principal is reported under financing activities.

The Total Cash Payments Made in the Year of Maturity