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

question 123

Multiple Choice

If a company borrows money from a bank,the interest paid on this loan 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)None of these.This is not reported in the statement of cash flows.

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refers to the characteristic of being systematic and efficient in arrangement or function.