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Home Q & A Board Other Fields Homework Help Business Accounting
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H3Ko H3Ko
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7 years ago
The payment of interest on a loan is considered a ________ on a statement of cash flows prepared using the direct method.
A) non-cash activity
B) cash outflow for operating activities
C) cash outflow for investing activities
D) cash outflow for financing activities
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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Mrgo-breedMrgo-breed
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7 years ago
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H3Ko Author
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7 years ago
Really appreciate your help. Sorry for taking so long to thank you, you deserve the recognition.
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7 years ago
Happy to help Smiling Face with Open Mouth
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