Lincoln Company engaged in this transaction: Accrued interest expense on long-term bonds payable.
Indicate which section,if any,the above transaction would appear in,or relate to,on a statement of cash flows.

Question

Quizplus · Accepted Answer

Accruing interest expense on long-term bonds payable does not involve any immediate cash flow; it is an accounting entry that recognizes interest expense that has been incurred but not yet paid.

Lincoln Company Engaged in This Transaction: Accrued Interest Expense on Long-Term