Payment of interest on a long-term loan payable is a financing activity.

Name: Payment of interest on a long-term loan payable is a financing activity.
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Payment of interest on a long-term loan payable is considered an operating activity, as it relates to the costs of financing the company's operations. Financing activities typically include transactions involving long-term liabilities and equity, such as issuing debt or equity and repaying debt principal.

Payment of Interest on a Long-Term Loan Payable Is a Financing