Question: When the indirect method of reporting cash flows from operating activities is used, payoff of a long-term liability with cash would be reported on the

When the indirect method of reporting cash flows from operating activities is used, payoff of a long-term liability with cash would be reported on the Statement of Cash Flows in the

operating activities section.

investing activities section.

financing activities section.

noncash investing and financing section.

The amount would not be reported on the Statement of Cash Flows

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