Payment of Interest on a Note Payable Is Considered a Financing

question 34

True/False

Payment of interest on a note payable is considered a financing activity on the statement of cash flows.

---

Definitions:

Politics

The activities associated with the governance of a country or area, especially the debate between parties having power.

Power

The ability or capacity to do something or act in a particular way, especially as a faculty or quality.

Political Activity

Participation in activities aimed at influencing public policy and government decisions, including voting, campaigning, and lobbying.

Government

The system or organization through which a community, state, or nation is governed, responsible for creating and enforcing laws, policies, and regulations.