Multiple Choice
Suppose a company pays interest of $10,000 for the year on borrowed amounts due in two years.Under U.S.GAAP,what is the most the company can report this year as cash outflows from financing activities related to this item?
A) $10,000.
B) $2,000.
C) $5,000.
D) $0.
Correct Answer:
Verified
Correct Answer:
Verified
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