If a company borrows money from a bank, the interest paid on this loan should be reported on the statement of cash flows as a(n):
A) Operating activity.
B) Investing activity.
C) Financing activity.
D) Noncash investing and financing activity.
E) Operating or financing activity.

Question

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The Answer of If a company borrows money from a bank, the interest paid on this loan should be reported on the statement of cash flows as a(n):
A) Operating activity.
B) Investing activity.
C) Financing activity.
D) Noncash investing and financing activity.
E) Operating or financing activity.

If a Company Borrows Money from a Bank, the Interest