Solved

If a Company Borrows Money from a Bank,the Interest Paid

Question 74

Multiple Choice

If a company borrows money from a bank,the interest paid should be reported on the statement of cash flows as a(n) : If a company borrows money from a bank,the interest paid should be reported on the statement of cash flows as a(n) : A) Operating activity B) Investing activity C) Financing activity D) Noncash investing and financing activity E) Cannot be determined from the information given


A) Operating activity
B) Investing activity
C) Financing activity
D) Noncash investing and financing activity
E) Cannot be determined from the information given

Correct Answer:

verifed

Verified

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

Related Questions

Q69: Cleverso Corporation's calendar year-end 2021 and 2020

Q70: Under the indirect method,an increase in income

Q71: Find the cash inflows from investing

Q72: Use Aplec Corp's income statement and

Q73: Non-cash investing and financing activities may be

Q75: Dispositions of non-current assets<br>A)Have no impact on

Q76: Explain the value of the statement of

Q77: Under the indirect method,a decrease in accounts

Q78: Information to prepare the statement of cash

Q79: Investing activities include: (a)the purchase and sale