Interest Expense paid on a Note Payable would be included in the operating activities section of the statement of cash flows.

Name: Interest Expense paid on a Note Payable would be included in the operating activities section of the statement of cash flows.
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Question

Quizplus · Accepted Answer

Interest expense is considered an operating activity because it is a cost of doing business and is included in the net income calculation, which is adjusted in the operating activities section of the cash flow statement.

Interest Expense Paid on a Note Payable Would Be Included