Multiple Choice
A company settles a long-term note payable plus interest by paying $68,000 cash toward the principal amount and $5,440 cash for the interest. Under the direct method of reporting interest, the $5,440 would be listed as a(n) :
A) operating activity.
B) financing activity.
C) investing activity.
D) separate disclosure only.
Correct Answer:
Verified
Correct Answer:
Verified
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