Interest Expense Is Shown As

question 48

Multiple Choice

Interest expense is shown as:

• A)an operating activity on the statement of cash flows and a non-operating item on the income statement.
• B)an operating item on the income statement and an investing activity on the statement of cash flows.
• C)an operating item on the income statement and a financing activity on the statement of cash flows.
• D)a financing activity on the statement of cash flows and an operating item on the income statement.

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Definitions:

Balance Sheet

A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time.

Closed-ended Question

A type of question that is formulated in a way that limits the respondent's answer to a set of choices.

Proposed Expansion

Proposed expansion refers to a plan or suggestion to increase the size, scope, or operations of a business or project.

Information Interview

A conversation in which one seeks insights and information about a job, career field, industry, or company from someone knowledgeable.