A payment on bonds payable will be reported in the ________ section of the statement of cash flows.
A) operating activities only
B) investing activities
C) financing activities
D) noncash investing and financing activities

Question

Quizplus · Accepted Answer

A payment on bonds payable is a financing activity because it involves the repayment of debt, which is a long-term liability that is reported in the financing section of the statement of cash flows.

A Payment on Bonds Payable Will Be Reported in the ________