Which of the Following Is True

Multiple Choice

Which of the following is true?

A) An outflow of cash for interest payments is an investing activity.
B) An outflow of cash when convertible bonds are converted is an investing activity.
C) An outflow of cash when callable bonds are recalled by the issuer is a financing activity.
D) Payment of interest is an investing activity since we would not have interest unless we borrowed money or sold bonds to the public.