Question: Please answer with reason for all why the option is correct and why the other options are incorrect Please answer correct otherwise skip it company
Please answer with reason for all why the option is correct and why the other options are incorrect Please answer correct otherwise skip it
company paid $3,564 in interest expense on their long-term note to the bank. On the statement of cash flows, the cash paid for interest should be classified as:
1/an operating outflow
2/an investing outflow
3/a financing outflow
4/a significant non-cash transaction
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