Lisa owns a jewelry shop During her second month of
Lisa owns a jewelry shop. During her second month of business, she paid $150 of principal and $10 of interest on a loan from the bank. On the income statement for the month, what amount would appear as an expense? On the statement of cash flows for the month, what amount would appear as the loan payment to principal?
Would each of these activities be classified as operating, financing, or investing?

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