Examlex
Which of the following statements is incorrect?
Operating Activities
Cash flows related to the main or core business activities of an entity, such as sales of goods and services.
Notes Payable
A financial obligation or written promissory note requiring the borrower to pay back the lender the principal amount plus any interest by a specified date.
Interest
The charge for borrowing money, calculated as a percentage of the principal amount.
Cash Dividends
Payments made by a company to its shareholders from its profits or reserves, typically in the form of cash.
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