Asked by
Kaitlyn Smith
on Oct 10, 2024
Verified
Paying interest to lenders is classified as an operating activity on the statement of cash flows.
Operating Activity
Activities directly related to the day-to-day operations of a business, including sales of products or services, and expenses.
- Cultivate an understanding of the elements and their classifications within the cash flow statement.
- Accurately segregate and categorize activities concerning operations, finance, and investments.
Verified Answer
YP
Learning Objectives
- Cultivate an understanding of the elements and their classifications within the cash flow statement.
- Accurately segregate and categorize activities concerning operations, finance, and investments.
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